National Storage Affiliates Trust (NYSE:NSA) Receives $42.94 Consensus PT from Analysts

National Storage Affiliates Trust (NYSE:NSA) has received a consensus recommendation of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.94.

A number of research analysts recently weighed in on NSA shares. 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 report on Monday, October 21st. Jefferies Financial Group lifted their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Barclays lifted their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Robert W. Baird lifted their price target 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. Finally, Evercore ISI lifted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $36.90 on Monday. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44. The stock has a market cap of $2.81 billion, a PE ratio of 21.58 and a beta of 1.03. The firm has a 50-day simple moving average of $41.62 and a two-hundred day simple moving average of $43.41. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The business had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. As a group, analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.18%. 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 payout ratio is currently 133.33%.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors have recently modified their holdings of NSA. Long Pond Capital LP purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $16,198,000. FMR LLC increased its holdings in shares of National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after acquiring an additional 358,449 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of National Storage Affiliates Trust by 385.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock valued at $20,300,000 after acquiring an additional 334,445 shares during the period. Victory Capital Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 1,581.9% in the 3rd quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock valued at $11,650,000 after acquiring an additional 227,334 shares during the period. Finally, Hancock Whitney Corp increased its holdings in shares of National Storage Affiliates Trust by 1,760.2% in the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock valued at $10,035,000 after acquiring an additional 197,003 shares during the period. 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.