BNP Paribas Exane Begins Coverage on National Storage Affiliates Trust (NYSE:NSA)

BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued an underperform rating and a $33.00 price objective on the real estate investment trust's stock.

Several other research firms also recently commented on NSA. Robert W. Baird decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley lowered shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price on the stock. in a report on Tuesday, May 27th. Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research report on Monday, May 19th. Barclays cut 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 report on Wednesday, March 12th. Finally, Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Hold" and a consensus target price of $38.63.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded down $0.29 during trading on Tuesday, reaching $31.82. The company had a trading volume of 852,954 shares, compared to its average volume of 704,253. The company has a fifty day moving average of $34.83 and a two-hundred day moving average of $36.62. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $2.43 billion, a P/E ratio of 53.97 and a beta of 1.14. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The firm had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. During the same period in the prior year, the company earned $0.60 EPS. The firm's revenue was down 4.0% compared to the same quarter last year. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.17%. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

Institutional Trading of National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSA. Balyasny Asset Management L.P. purchased a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at about $51,081,000. Norges Bank bought a new stake in National Storage Affiliates Trust during the 4th quarter valued at approximately $26,737,000. Nuveen LLC purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $23,134,000. Wasatch Advisors LP raised its position in shares of National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock worth $253,208,000 after acquiring an additional 506,398 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $13,354,000. Hedge funds and other institutional investors 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.