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

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has been assigned an average rating of "Reduce" from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $41.28.

NSA has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Robert W. Baird dropped their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Finally, Barclays lowered their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 13.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in National Storage Affiliates Trust by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock valued at $369,979,000 after purchasing an additional 80,923 shares in the last quarter. Wasatch Advisors LP raised its position in shares of National Storage Affiliates Trust by 8.2% during the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after buying an additional 506,398 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of National Storage Affiliates Trust by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock worth $96,600,000 after acquiring an additional 10,783 shares during the last quarter. Capital World Investors grew its position in National Storage Affiliates Trust by 6.2% in the fourth quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust's stock worth $73,604,000 after acquiring an additional 113,973 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in National Storage Affiliates Trust by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock valued at $51,144,000 after acquiring an additional 15,468 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $36.63 on Friday. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week 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 stock has a 50 day moving average price of $36.81 and a two-hundred day moving average price of $38.80. The firm has a market capitalization of $2.80 billion, a P/E ratio of 21.42 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly 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 20.59% and a return on equity of 10.35%. The company had revenue of $188.35 million during the quarter, compared to analysts' expectations of $184.65 million. During the same period in the previous year, the company posted $0.60 earnings per share. The company's quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.22%. National Storage Affiliates Trust's payout ratio is 200.00%.

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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