Barclays Lowers National Storage Affiliates Trust (NYSE:NSA) Price Target to $42.00

National Storage Affiliates Trust (NYSE:NSA) had its price target cut by Barclays from $46.00 to $42.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company upped their target price 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the company from $40.00 to $38.00 in a research note on Friday. Jefferies Financial Group upped their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Evercore ISI upped their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Finally, Robert W. Baird upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus target price of $43.06.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $36.33 on Monday. The firm’s 50-day moving average is $41.19 and its 200-day moving average is $43.28. National Storage Affiliates Trust has a 52-week low of $34.50 and a 52-week high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 21.25 and a beta of 1.03.

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

National Storage Affiliates Trust Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 6.28%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of large investors have recently modified their holdings of NSA. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust during the third quarter worth approximately $25,000. Versant Capital Management Inc lifted its position in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of National Storage Affiliates Trust during the third quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth approximately $33,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth approximately $39,000. 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.