National Storage Affiliates Trust (NYSE:NSA) Given New $39.00 Price Target at Robert W. Baird

National Storage Affiliates Trust (NYSE:NSA) had its price target reduced by Robert W. Baird from $42.00 to $39.00 in a research note published on Thursday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the stock. Barclays lowered their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday. 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 report on Friday, January 10th. Finally, Wells Fargo & Company lowered their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $42.06.

National Storage Affiliates Trust Trading Down 1.6 %

NYSE NSA opened at $36.57 on Thursday. 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 firm has a market cap of $2.79 billion, a PE ratio of 21.38 and a beta of 1.07. National Storage Affiliates Trust has a one year low of $34.59 and a one year high of $49.44. The firm’s fifty day moving average is $37.51 and its two-hundred day moving average is $41.71.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Insider Buying and Selling

In related news, Director Michael J. Schall acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.20% of the stock is owned by insiders.

Institutional Trading of National Storage Affiliates Trust

Institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust during the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in National Storage Affiliates Trust during the third quarter worth about $29,000. Versant Capital Management Inc raised its position in 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 acquiring an additional 514 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new position in National Storage Affiliates Trust during the fourth quarter worth about $28,000. Finally, Quarry LP raised its position in National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 756 shares during the last quarter. 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.