Robert W. Baird Raises National Storage Affiliates Trust (NYSE:NSA) Price Target to $42.00

National Storage Affiliates Trust (NYSE:NSA) had its price objective boosted by Robert W. Baird from $39.00 to $42.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts also recently weighed in on NSA. Wells Fargo & Company raised their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Barclays raised their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Citigroup boosted their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Jefferies Financial Group raised their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Evercore ISI upped their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.17.

National Storage Affiliates Trust Trading Up 1.6 %

NSA opened at $43.68 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52 week low of $29.55 and a 52 week high of $49.44. The stock has a market cap of $3.33 billion, a PE ratio of 25.54 and a beta of 0.99. The business has a 50 day moving average of $45.45 and a 200-day moving average of $42.25.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. Equities research analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 5.13%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in National Storage Affiliates Trust by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock valued at $122,301,000 after acquiring an additional 22,454 shares during the period. TimesSquare Capital Management LLC boosted its holdings in shares of National Storage Affiliates Trust by 2.5% in the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after buying an additional 23,181 shares during the last quarter. Leeward Investments LLC MA grew its position in National Storage Affiliates Trust by 30.9% during the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after buying an additional 97,786 shares during the period. Swedbank AB purchased a new stake in National Storage Affiliates Trust during the first quarter valued at approximately $16,056,000. Finally, Long Pond Capital LP bought a new position in National Storage Affiliates Trust in the second quarter worth approximately $16,198,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.