National Storage Affiliates Trust (NYSE:NSA) Price Target Raised to $41.00 at Evercore ISI

National Storage Affiliates Trust (NYSE:NSA) had its price objective boosted by Evercore ISI from $40.00 to $41.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an underperform rating on the real estate investment trust’s stock.

A number of other analysts have also recently commented on the stock. Robert W. Baird lifted their target price on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a neutral rating in a research note on Tuesday, August 6th. KeyCorp lowered shares of National Storage Affiliates Trust from an overweight rating to a sector weight rating in a report on Monday, September 9th. Truist Financial raised their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a hold rating in a research note on Friday, August 16th. Barclays increased their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an equal weight rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an underweight rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of Hold and a consensus target price of $40.06.

National Storage Affiliates Trust Trading Up 2.2 %

NYSE NSA opened at $48.71 on Monday. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $48.90. The company has a 50 day moving average price of $44.36 and a 200 day moving average price of $40.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. The firm has a market cap of $3.65 billion, a PE ratio of 25.50 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. During the same quarter in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds have recently bought and sold shares of NSA. Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of National Storage Affiliates Trust in the second quarter worth about $39,000. Rothschild Investment LLC purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth about $59,000. Signaturefd LLC grew its position in shares of National Storage Affiliates Trust by 48.1% during the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 661 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at about $113,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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.