National Storage Affiliates Trust (NYSE:NSA) Given Average Rating of "Reduce" by Brokerages

Key Points

• National Storage Affiliates Trust (NYSE:NSA) has received a consensus rating of "Reduce" from twelve brokerages, with five analysts recommending a sell and seven recommending a hold on the stock.
• The company's latest earnings report showed a miss on EPS estimates, reporting $0.55 versus the expected $0.58, and a revenue decline of 0.8% year-over-year.
• National Storage Affiliates Trust announced a quarterly dividend of $0.57, resulting in an annual yield of 7.5%, although the dividend payout ratio stands at a high 367.74%.

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have been given a consensus rating of "Reduce" by the twelve brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $33.6364.

Several research analysts have commented on NSA shares. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Truist Financial cut their price objective on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, August 25th. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, June 24th. BNP Paribas Exane started coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price objective on the stock. Finally, Robert W. Baird cut their price objective on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NSA. UMB Bank n.a. increased its position in shares of National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 379 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust during the first quarter worth about $32,000. Jones Financial Companies Lllp increased its position in shares of National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 821 shares during the last quarter. GAMMA Investing LLC increased its position in shares of National Storage Affiliates Trust by 21.4% during the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 308 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of National Storage Affiliates Trust by 6,617.4% during the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 1,522 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $30.44 on Wednesday. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $46.07. The stock has a market capitalization of $2.34 billion, a P/E ratio of 49.09 and a beta of 1.08. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The business's fifty day moving average price is $30.86 and its 200 day moving average price is $33.19.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The firm had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. During the same quarter in the previous year, the business posted $0.21 EPS. National Storage Affiliates Trust's revenue was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.5%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 367.74%.

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.

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