Analysts Set National Storage Affiliates Trust (NYSE:NSA) Target Price at $42.56

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given a consensus rating of “Reduce” by the nine research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $42.56.

A number of research firms have weighed in on NSA. Barclays decreased their price objective on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Robert W. Baird lifted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $38.99 on Tuesday. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. The business has a fifty day simple moving average of $37.37 and a 200 day simple moving average of $42.09. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 22.80 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.85%. National Storage Affiliates Trust’s payout ratio is presently 133.33%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust during the third quarter valued at $25,000. Versant Capital Management Inc grew its holdings in National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in National Storage Affiliates Trust in the fourth quarter worth $28,000. Ashton Thomas Securities LLC acquired a new stake in National Storage Affiliates Trust in the third quarter worth $29,000. Finally, Quarry LP grew its holdings in shares of National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 756 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.