Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $42.06

National Storage Affiliates Trust (NYSE:NSA) has been given a consensus recommendation of “Reduce” by the nine research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $42.06.

NSA has been the subject of a number of recent research reports. Robert W. Baird lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company reduced their price target on 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. Finally, Barclays lowered their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $38.71 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2.96 billion, a P/E ratio of 22.64 and a beta of 1.07. The firm has a 50-day moving average price of $37.63 and a two-hundred day moving average price of $41.23. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping 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 analysts’ expectations of $185.37 million. As a group, research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 5.89%. National Storage Affiliates Trust’s payout ratio is 200.00%.

Insider Buying and Selling

In other news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.00% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors have recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth about $25,000. Versant Capital Management Inc lifted its holdings in National Storage Affiliates Trust by 233.6% in the fourth 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. Fourth Dimension Wealth LLC bought a new position in National Storage Affiliates Trust in the fourth quarter worth about $28,000. Quarry LP boosted its stake in 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 acquiring an additional 756 shares during the period. Finally, GF Fund Management CO. LTD. bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $50,000. Institutional investors own 99.97% of the company’s stock.

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.