National Storage Affiliates Trust (NYSE:NSA) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a research report report published on Friday, MarketBeat Ratings reports. The firm currently has $38.00 price target on the real estate investment trust’s stock, down from their previous price target of $40.00.

Several other equities analysts also recently weighed in on the stock. Robert W. Baird lifted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Jefferies Financial Group increased their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Barclays lifted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Evercore ISI increased their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $43.56.

National Storage Affiliates Trust Trading Down 1.0 %

Shares of National Storage Affiliates Trust stock opened at $36.57 on Friday. The stock has a market capitalization of $2.79 billion, a PE ratio of 21.39 and a beta of 1.03. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The stock has a 50 day moving average price of $41.30 and a two-hundred day moving average price of $43.31. 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 (NYSE:NSA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $185.45 million. During the same period in the previous year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Friday, December 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is currently 133.33%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Institutional investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in National Storage Affiliates Trust during the 3rd quarter valued at about $25,000. Versant Capital Management Inc raised its holdings in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in National Storage Affiliates Trust in the 3rd quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $33,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth $39,000. Institutional investors 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.