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

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has been assigned an average recommendation of "Reduce" from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Five investment 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 price objective among brokers that have covered the stock in the last year is $38.63.

Several equities analysts have issued reports on the stock. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target for the company. Wall Street Zen cut shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research report on Friday. Barclays decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Finally, BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price target for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NSA. Balyasny Asset Management L.P. bought a new position in National Storage Affiliates Trust during the fourth quarter worth $51,081,000. Norges Bank bought a new position in National Storage Affiliates Trust during the fourth quarter worth $26,737,000. Nuveen LLC bought a new position in National Storage Affiliates Trust during the first quarter worth $23,134,000. Wasatch Advisors LP lifted its stake in shares of National Storage Affiliates Trust by 8.2% in the fourth 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. Finally, Raymond James Financial Inc. bought a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at $13,354,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

NSA stock opened at $31.80 on Monday. The company has a 50 day simple moving average of $34.73 and a 200 day simple moving average of $36.46. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 53.89 and a beta of 1.15. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.22 and a quick ratio of 0.22.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The company had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. National Storage Affiliates Trust's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. Research analysts anticipate 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 Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 7.17%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

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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