National Storage Affiliates Trust (NYSE:NSA) Receives $38.63 Consensus Target Price from Brokerages

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has been given an average rating of "Reduce" by the thirteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $38.63.

NSA has been the topic of several recent research reports. Truist Financial set a $37.00 price target on National Storage Affiliates Trust and gave the stock a "hold" rating in a research note on Monday, May 19th. Robert W. Baird reduced their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. Mizuho started coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Finally, Barclays dropped their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. SPC Financial Inc. raised its position in shares of National Storage Affiliates Trust by 4.6% during the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock valued at $258,000 after buying an additional 300 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in National Storage Affiliates Trust by 1.5% during the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust's stock valued at $776,000 after acquiring an additional 300 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in National Storage Affiliates Trust by 4.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock valued at $385,000 after acquiring an additional 398 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in National Storage Affiliates Trust by 7.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust's stock valued at $234,000 after acquiring an additional 413 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in National Storage Affiliates Trust by 2.1% in the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock worth $794,000 after purchasing an additional 437 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Up 0.2%

NSA traded up $0.08 during trading on Monday, reaching $32.61. The stock had a trading volume of 949,901 shares, compared to its average volume of 722,357. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 55.27 and a beta of 1.12. The stock's 50 day moving average is $34.50 and its two-hundred day moving average is $36.34. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The business had revenue of $188.35 million during the quarter, compared to analysts' expectations of $184.65 million. During the same period in the prior year, the company earned $0.60 earnings per share. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 6.99%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 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.