National Storage Affiliates Trust (NYSE:NSA) Receives Consensus Recommendation of "Reduce" from Analysts

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has received a consensus rating of "Reduce" from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $38.38.

A number of research firms have recently commented on NSA. Truist Financial set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the company a "hold" rating in a research report on Monday, May 19th. Morgan Stanley downgraded 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 research note on Tuesday, May 27th. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. BNP Paribas Exane started coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 target price on the stock. Finally, Wall Street Zen downgraded shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Friday, June 27th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. UniSuper Management Pty Ltd grew its holdings in shares of National Storage Affiliates Trust by 1.5% in the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust's stock worth $776,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of National Storage Affiliates Trust by 21.4% in the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 308 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of National Storage Affiliates Trust by 71.9% in the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 379 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of National Storage Affiliates Trust by 4.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 398 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of National Storage Affiliates Trust by 7.5% in the first quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust's stock worth $234,000 after purchasing an additional 413 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 NSA stock traded down $0.10 during trading hours on Friday, reaching $31.37. The stock had a trading volume of 857,374 shares, compared to its average volume of 1,207,429. The stock's fifty day simple moving average is $33.11 and its 200 day simple moving average is $35.65. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The firm has a market capitalization of $2.40 billion, a PE ratio of 53.16 and a beta of 1.12.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data 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 quarter last year, the business posted $0.60 earnings per share. National Storage Affiliates Trust's revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.27%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 386.44%.

National Storage Affiliates Trust Company Profile

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.