National Storage Affiliates Trust (NYSE:NSA) Price Target Increased to $54.00 by Analysts at Jefferies Financial Group

National Storage Affiliates Trust (NYSE:NSA) had its price target lifted by Jefferies Financial Group from $47.00 to $54.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on NSA. Wells Fargo & Company lifted their price target on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underweight rating in a report on Friday, July 26th. Truist Financial lifted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a hold rating in a report on Friday, August 16th. Citigroup boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a neutral rating in a report on Friday, August 30th. Barclays boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an equal weight rating in a report on Thursday, August 22nd. Finally, KeyCorp lowered shares of National Storage Affiliates Trust from an overweight rating to a sector weight rating in a report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $41.45.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $48.39 on Wednesday. The firm has a 50 day moving average of $44.70 and a 200-day moving average of $40.28. The stock has a market capitalization of $3.63 billion, a PE ratio of 25.34 and a beta of 0.98. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $49.25.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). The company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date 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

A number of institutional investors have recently modified their holdings of the company. SPC Financial Inc. boosted its stake in shares of National Storage Affiliates Trust by 4.8% in the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at $33,000. Creative Planning lifted its position in shares of National Storage Affiliates Trust by 42.5% during the 2nd quarter. Creative Planning now owns 8,251 shares of the real estate investment trust’s stock valued at $340,000 after acquiring an additional 2,462 shares during the period. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at $16,198,000. Finally, Millennium Management LLC lifted its position in shares of National Storage Affiliates Trust by 125.9% during the 2nd quarter. Millennium Management LLC now owns 161,829 shares of the real estate investment trust’s stock valued at $6,671,000 after acquiring an additional 90,206 shares during the period. 99.97% of the stock is owned by institutional investors.

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.