National Storage Affiliates Trust (NYSE:NSA) Receives Consensus Rating of “Reduce” from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA) have earned a consensus rating of “Reduce” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $41.28.

Several brokerages have recently issued reports on NSA. Barclays cut their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Wells Fargo & Company decreased 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 research report on Friday, February 21st. Mizuho began coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 target price for the company. Finally, Robert W. Baird cut their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.70% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

Hedge funds have recently modified their holdings of the business. Fourth Dimension Wealth LLC bought a new position in National Storage Affiliates Trust during the 4th quarter valued at approximately $28,000. Quarry LP grew its stake 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 during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at $50,000. Parallel Advisors LLC raised its position in shares of National Storage Affiliates Trust by 53.9% in the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 598 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in National Storage Affiliates Trust by 279.8% in the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,276 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NSA stock opened at $36.63 on Friday. The firm’s fifty day moving average is $36.81 and its 200 day moving average is $38.80. 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 52 week low of $30.88 and a 52 week high of $49.44. The firm has a market cap of $2.80 billion, a P/E ratio of 21.42 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was down 4.0% on a year-over-year basis. Research analysts predict 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 was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 200.00%.

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.