National Storage Affiliates Trust (NYSE:NSA) Given New $42.00 Price Target at Barclays

National Storage Affiliates Trust (NYSE:NSA) had its target price reduced by Barclays from $46.00 to $42.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the company from $40.00 to $38.00 in a report on Friday. Robert W. Baird boosted their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus price target of $43.06.

National Storage Affiliates Trust Trading Down 0.4 %

National Storage Affiliates Trust stock opened at $36.33 on Monday. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. 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 firm has a market cap of $2.77 billion, a price-to-earnings ratio of 21.25 and a beta of 1.03. The firm’s 50 day moving average price is $41.19 and its two-hundred day moving average price is $43.28.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.28%. The ex-dividend date was Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s payout ratio is presently 133.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $29,000. Versant Capital Management Inc lifted its position in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares during the last quarter. Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $39,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust during the 2nd quarter worth $33,000. Institutional investors and hedge funds 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.