Brokerages Set National Storage Affiliates Trust (NYSE:NSA) PT at $37.54

Key Points

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National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has received a consensus rating of "Reduce" from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $37.5417.

NSA has been the topic of a number of research analyst reports. Wall Street Zen upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays lowered their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. BNP Paribas Exane initiated coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 target price on the stock. Finally, Morgan Stanley cut 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.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of the stock. Fourth Dimension Wealth LLC purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter worth $28,000. 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. Quarry LP increased its position in shares of National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 756 shares during the last quarter. Finally, 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. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NYSE NSA traded up $1.07 during mid-day trading on Tuesday, hitting $32.14. The stock had a trading volume of 1,318,587 shares, compared to its average volume of 1,083,995. The company has a 50 day simple moving average of $31.50 and a 200 day simple moving average of $34.72. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 51.84 and a beta of 1.10. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62.

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

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio 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.