National Storage Affiliates Trust (NYSE:NSA) Receives $41.28 Average PT from Brokerages

National Storage Affiliates Trust (NYSE:NSA) has been given a consensus rating of “Reduce” by the ten research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $41.28.

Several research firms have weighed in on NSA. Wells Fargo & Company lowered their price objective on shares of 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. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 target price for the company. Robert W. Baird dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Barclays decreased their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price 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 $36.74 on Wednesday. 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’s 50-day moving average price is $37.25 and its 200-day moving average price is $39.68. The firm has a market capitalization of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.04. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Equities research analysts anticipate 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 was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 200.00%.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 13.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On National Storage Affiliates Trust

Large investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. bought a new position in National Storage Affiliates Trust during the fourth quarter valued at $51,081,000. Norges Bank purchased a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at $26,737,000. Wasatch Advisors LP grew its stake in shares of National Storage Affiliates Trust by 8.2% during the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock worth $253,208,000 after acquiring an additional 506,398 shares during the period. Raymond James Financial Inc. purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth about $13,354,000. Finally, TimesSquare Capital Management LLC raised its stake in National Storage Affiliates Trust by 39.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after acquiring an additional 315,474 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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.