Analysts Set National Storage Affiliates Trust (NYSE:NSA) Target Price at $42.06

National Storage Affiliates Trust (NYSE:NSA) has received an average recommendation of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $42.06.

A number of brokerages recently issued reports on NSA. Robert W. Baird decreased their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, Barclays cut their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $38.71 on Friday. The firm has a fifty day moving average of $37.63 and a 200-day moving average of $41.23. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 22.64 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $34.59 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is currently 200.00%.

Insider Buying and Selling

In related news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at $25,000. Versant Capital Management Inc lifted its stake in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $28,000. Quarry LP increased its position in shares of National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 756 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $50,000. 99.97% of the stock is owned by institutional investors and hedge funds.

About National Storage Affiliates Trust

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.