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%.

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have received an average rating of "Reduce" from the eleven research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $36.4545.

NSA has been the subject of several recent analyst reports. Robert W. Baird lowered their price target 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. Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a report on Tuesday, May 27th. Wall Street Zen downgraded National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. Barclays decreased their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Finally, Truist Financial decreased their target price on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating for the company in a report on Monday, August 25th.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 7.5% during 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 period. Envestnet Asset Management Inc. lifted its holdings in shares of National Storage Affiliates Trust by 7.4% during the first quarter. Envestnet Asset Management Inc. now owns 172,252 shares of the real estate investment trust's stock worth $6,787,000 after purchasing an additional 11,879 shares during the period. Hudson Edge Investment Partners Inc. acquired a new stake in shares of National Storage Affiliates Trust during the first quarter worth about $687,000. M&T Bank Corp lifted its holdings in shares of National Storage Affiliates Trust by 50.1% during the first quarter. M&T Bank Corp now owns 20,112 shares of the real estate investment trust's stock worth $792,000 after purchasing an additional 6,710 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in National Storage Affiliates Trust in the first quarter valued at approximately $805,000. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $31.93 on Friday. 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 company has a market cap of $2.45 billion, a PE ratio of 51.50 and a beta of 1.09. The business has a 50-day simple moving average of $31.39 and a two-hundred day simple moving average of $34.16. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.National Storage Affiliates Trust's revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.1%. National Storage Affiliates Trust's payout ratio is 367.74%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.