Robert W. Baird Cuts National Storage Affiliates Trust (NYSE:NSA) Price Target to $39.00

National Storage Affiliates Trust (NYSE:NSA) had its price target decreased by Robert W. Baird from $42.00 to $39.00 in a research report sent to investors on Thursday,Benzinga reports. Robert W. Baird currently has a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company reduced 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 note on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.06.

National Storage Affiliates Trust Stock Down 0.0 %

Shares of NYSE:NSA opened at $36.64 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.80 billion, a P/E ratio of 21.43 and a beta of 1.07. National Storage Affiliates Trust has a 12 month low of $34.59 and a 12 month high of $49.44. The company’s 50-day moving average price is $37.48 and its two-hundred day moving average price is $41.61.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were bought 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 directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.20% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds have recently bought and sold shares of NSA. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares during the period. Fourth Dimension Wealth LLC bought a new position in National Storage Affiliates Trust during the 4th quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $29,000. Finally, Quarry LP lifted its holdings 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 valued at $35,000 after purchasing an additional 756 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.