National Storage Affiliates Trust (NYSE:NSA) Receives $36.60 Average Price Target from Analysts

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) has earned an average rating of "Reduce" from the ten ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.60.

A number of analysts have recently commented on the company. StockNews.com upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, December 23rd. Deutsche Bank Aktiengesellschaft began coverage on National Storage Affiliates Trust in a research report on Tuesday, January 30th. They issued a "sell" rating and a $33.00 price target on the stock. Truist Financial boosted their price target on National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a "hold" rating in a research report on Thursday, December 28th. KeyCorp upgraded National Storage Affiliates Trust from a "sector weight" rating to an "overweight" rating and set a $45.00 price target on the stock in a research report on Friday, January 5th. Finally, Barclays began coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an "equal weight" rating and a $39.00 price target on the stock.

National Storage Affiliates Trust Stock Performance

Shares of NSA traded down $0.48 during midday trading on Friday, reaching $37.07. 672,494 shares of the stock were exchanged, compared to its average volume of 810,670. The business's 50-day moving average price is $37.11 and its 200 day moving average price is $35.74. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $42.54. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 24.71 and a beta of 0.85.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 6.04%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 149.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NSA. Raymond James Financial Services Advisors Inc. raised its position in shares of National Storage Affiliates Trust by 14.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock worth $368,000 after purchasing an additional 746 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in National Storage Affiliates Trust by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust's stock valued at $254,000 after acquiring an additional 205 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at $227,000. Bank of Montreal Can raised its holdings in National Storage Affiliates Trust by 64.4% in the 1st quarter. Bank of Montreal Can now owns 36,028 shares of the real estate investment trust's stock valued at $2,298,000 after acquiring an additional 14,107 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in National Storage Affiliates Trust by 2.7% in the 1st quarter. Rhumbline Advisers now owns 236,485 shares of the real estate investment trust's stock valued at $14,842,000 after acquiring an additional 6,140 shares during the last quarter. 99.97% of the stock is currently 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.