National Storage Affiliates Trust (NYSE:NSA) Receives $32.30 Average Price Target from Brokerages

National Storage Affiliates Trust (NYSE:NSA) has been assigned a consensus recommendation of “Reduce” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.30.

NSA has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Thursday, January 22nd. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Finally, UBS Group decreased their target price on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th.

National Storage Affiliates Trust Stock Up 1.2%

Shares of NSA opened at $33.46 on Tuesday. The firm has a market capitalization of $2.57 billion, a P/E ratio of 54.85 and a beta of 1.19. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $40.62. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. The firm has a fifty day moving average price of $30.80 and a 200-day moving average price of $30.63.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.8%. National Storage Affiliates Trust’s dividend payout ratio is 373.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NSA. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC raised its stake in National Storage Affiliates Trust by 339.6% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 635 shares in the last quarter. UMB Bank n.a. raised its stake in National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 975 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 821 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in National Storage Affiliates Trust during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.