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

Key Points

• Consensus "Reduce": Thirteen brokerages covering NSA have a consensus recommendation of "Reduce" (one sell, twelve hold) and an average 12‑month price target of $33.60.
• Recent results and guidance: NSA reported Q EPS of $0.57 (vs. $0.55 est.) while revenue fell 1.6% year‑over‑year, and management set FY2026 guidance of $2.13–$2.25 per share versus sell‑side forecasts near $2.40.
• Dividend and payout concerns: NSA pays a quarterly $0.57 dividend (about a 6.0% yield) but has a very high payout ratio of roughly 330%, which raises sustainability questions.

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have received a consensus recommendation of "Reduce" from the thirteen ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $33.60.

NSA has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on National Storage Affiliates Trust from $35.00 to $33.00 and set an "underweight" rating on the stock in a research note on Thursday, February 5th. UBS Group decreased their price objective on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a "neutral" rating for the company in a report on Thursday, January 8th. Zacks Research raised shares of National Storage Affiliates Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Barclays boosted their target price on shares of National Storage Affiliates Trust from $33.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, March 5th. Finally, Wolfe Research raised shares of National Storage Affiliates Trust from an "underperform" rating to a "peer perform" rating in a research report on Monday, January 26th.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $37.80 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.86. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 54.78 and a beta of 1.17. The stock has a 50 day moving average of $34.42 and a 200 day moving average of $31.57. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $41.37.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. The business had revenue of $187.03 million for the quarter, compared to analysts' expectations of $187.24 million. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The business's revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.57 dividend. The ex-dividend date was Friday, March 13th. This represents a $2.28 annualized dividend and a yield of 6.0%. National Storage Affiliates Trust's dividend payout ratio is presently 330.43%.

Institutional Trading of National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of NSA. Hsbc Holdings PLC lifted its position in shares of National Storage Affiliates Trust by 26.5% during the 4th quarter. Hsbc Holdings PLC now owns 202,877 shares of the real estate investment trust's stock valued at $5,724,000 after buying an additional 42,533 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in National Storage Affiliates Trust by 2.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,686 shares of the real estate investment trust's stock worth $386,000 after acquiring an additional 336 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth about $264,000. Caitong International Asset Management Co. Ltd raised its stake in National Storage Affiliates Trust by 443.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,484 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 2,843 shares during the period. Finally, Invesco Ltd. raised its stake in National Storage Affiliates Trust by 2.8% in the 4th quarter. Invesco Ltd. now owns 831,730 shares of the real estate investment trust's stock valued at $23,463,000 after acquiring an additional 22,982 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.

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