Brokerages Set National Storage Affiliates Trust (NYSE:NSA) PT at $43.17

Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus recommendation of “Reduce” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.17.

Several brokerages have recently issued reports on NSA. Evercore ISI boosted their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Robert W. Baird boosted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Citigroup upped their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Barclays boosted their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th.

Institutional Trading of National Storage Affiliates Trust

Several large investors have recently made changes to their positions in the stock. Pasadena Private Wealth LLC grew its position in National Storage Affiliates Trust by 0.9% during the second quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock worth $1,186,000 after buying an additional 255 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of National Storage Affiliates Trust by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 257 shares during the period. SPC Financial Inc. raised its stake in shares of National Storage Affiliates Trust by 4.8% during the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 300 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of National Storage Affiliates Trust by 1.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 339 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its holdings in National Storage Affiliates Trust by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after buying an additional 354 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 0.6 %

NYSE:NSA opened at $41.47 on Thursday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 24.25 and a beta of 1.01. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The stock has a 50-day simple moving average of $43.58 and a 200 day simple moving average of $43.51.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. Sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 5.50%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s payout ratio is 133.33%.

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.