Analysts Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $39.75

Shares of National Storage Affiliates Trust (NYSE:NSA - Get Free Report) have been assigned a consensus rating of "Reduce" from the eleven analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.75.

A number of analysts have issued reports on the company. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Truist Financial set a $37.00 price target on shares of National Storage Affiliates Trust and gave the company a "hold" rating in a research report on Monday, May 19th. Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a report on Tuesday, May 27th. Finally, Barclays dropped their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. purchased a new stake in National Storage Affiliates Trust in the 4th quarter valued at approximately $51,081,000. Norges Bank purchased a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $26,737,000. Nuveen LLC acquired a new position in National Storage Affiliates Trust during the first quarter worth $23,134,000. Wasatch Advisors LP raised its position in 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 worth $253,208,000 after acquiring an additional 506,398 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in National Storage Affiliates Trust in the fourth quarter worth $13,354,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Up 0.1%

Shares of National Storage Affiliates Trust stock traded up $0.03 during trading hours on Thursday, reaching $33.50. 614,167 shares of the company were exchanged, compared to its average volume of 725,627. The stock's fifty day moving average is $35.50 and its 200 day moving average is $37.78. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The firm has a market cap of $2.56 billion, a PE ratio of 19.59 and a beta of 1.14.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced 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). The firm had revenue of $188.35 million during the quarter, compared to analysts' expectations of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Friday, June 13th. National Storage Affiliates Trust's payout ratio is 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.