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

Key Points

• National Storage Affiliates Trust has received an average consensus rating of "Reduce" from eleven research firms, with five analysts rating it as a sell, five as hold, and one as buy.
• The company's quarterly earnings report showed a miss in earnings per share at $0.55, compared to the consensus estimate of $0.58, along with a slight revenue decline of 0.8% year-over-year.
• National Storage Affiliates Trust has announced a quarterly dividend of $0.57 per share, translating to an annualized dividend yield of 7.1% and a payout ratio of 367.74%.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has been given a consensus recommendation of "Reduce" by the eleven research firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $33.6364.

A number of research firms have commented on NSA. Wells Fargo & Company reduced their target price on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, July 23rd. Robert W. Baird reduced their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. BNP Paribas Exane began coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 target price for the company. National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a report on Tuesday, June 24th. Finally, UBS Group cut their price target on National Storage Affiliates Trust from $39.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock traded down $0.10 during midday trading on Friday, reaching $30.60. The company's stock had a trading volume of 1,155,711 shares, compared to its average volume of 993,472. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The stock's 50 day simple moving average is $31.29 and its 200 day simple moving average is $33.94. The firm has a market capitalization of $2.35 billion, a PE ratio of 49.35 and a beta of 1.09.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released 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). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. During the same period last year, the business posted $0.21 EPS. National Storage Affiliates Trust's revenue was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, September 15th. National Storage Affiliates Trust's payout ratio is 367.74%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. raised its stake in shares of National Storage Affiliates Trust by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust's stock worth $61,000 after buying an additional 541 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth $5,012,000. Kestra Investment Management LLC raised its stake in shares of National Storage Affiliates Trust by 25.3% during the 2nd quarter. Kestra Investment Management LLC now owns 6,306 shares of the real estate investment trust's stock worth $202,000 after buying an additional 1,272 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth $392,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of National Storage Affiliates Trust by 0.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 147,947 shares of the real estate investment trust's stock worth $4,736,000 after buying an additional 775 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

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.