Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $42.94

Shares of National Storage Affiliates Trust (NYSE:NSA) have been assigned an average rating of “Reduce” from the nine brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $43.56.

Several equities analysts have issued reports on NSA shares. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the company from $40.00 to $38.00 in a research report on Friday. Robert W. Baird upped 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 report on Wednesday, November 6th. Jefferies Financial Group upped their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Wells Fargo & Company boosted their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Finally, Evercore ISI increased their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th.

National Storage Affiliates Trust Stock Down 1.0 %

NSA opened at $36.57 on Monday. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 21.39 and a beta of 1.03. The firm’s 50-day simple moving average is $41.30 and its 200-day simple moving average is $43.31. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

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 for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same period in the previous year, the business posted $0.67 EPS. The business’s quarterly revenue was down 20.2% on a year-over-year basis. Equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.57 dividend. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend was Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Loomis Sayles & Co. L P acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth $25,000. Versant Capital Management Inc increased its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust during the 3rd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth about $33,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $39,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.