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

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has received a consensus rating of "Reduce" from the eleven analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $39.75.

Several brokerages recently issued reports on NSA. Robert W. Baird cut their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Barclays cut their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price on the stock. Wells Fargo & Company cut their target price 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. Finally, Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price on the stock. in a report on Tuesday, May 27th.

National Storage Affiliates Trust Stock Up 0.1%

Shares of NYSE NSA traded up $0.03 during mid-day trading on Thursday, reaching $33.50. The company had a trading volume of 614,167 shares, compared to its average volume of 681,589. 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 twelve month low of $30.88 and a twelve month high of $49.44. The stock's 50 day moving average is $35.39 and its 200-day moving average is $37.62. The stock has a market capitalization 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $188.35 million for the quarter, compared to analysts' expectations of $184.65 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. National Storage Affiliates Trust's revenue was down 4.0% on a year-over-year basis. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.81%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is currently 386.44%.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently added to or reduced their stakes in NSA. Balyasny Asset Management L.P. acquired a new stake in National Storage Affiliates Trust during the fourth quarter worth about $51,081,000. Norges Bank acquired a new stake in National Storage Affiliates Trust during the fourth quarter valued at approximately $26,737,000. Nuveen LLC acquired a new stake in National Storage Affiliates Trust during the first quarter valued at approximately $23,134,000. Wasatch Advisors LP boosted its holdings in National Storage Affiliates Trust by 8.2% during 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 purchasing an additional 506,398 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in National Storage Affiliates Trust during the fourth quarter valued at approximately $13,354,000. 99.97% of the stock is owned by institutional investors and hedge funds.

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.