Brokerages Set National Storage Affiliates Trust (NYSE:NSA) PT at $42.06

National Storage Affiliates Trust (NYSE:NSA) has earned an average recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $42.06.

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays dropped their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Robert W. Baird decreased their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the company’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 purchase, the director now owns 6,000 shares of the company’s stock, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On National Storage Affiliates Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC lifted its stake in National Storage Affiliates Trust by 5.1% in the 3rd quarter. Natixis Advisors LLC now owns 75,724 shares of the real estate investment trust’s stock valued at $3,650,000 after buying an additional 3,657 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust’s stock valued at $47,672,000 after acquiring an additional 43,074 shares during the last quarter. Raymond James Trust N.A. lifted its position in shares of National Storage Affiliates Trust by 9.8% in the third quarter. Raymond James Trust N.A. now owns 8,427 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 751 shares in the last quarter. Citigroup Inc. boosted its stake in shares of National Storage Affiliates Trust by 238.9% in the third quarter. Citigroup Inc. now owns 108,734 shares of the real estate investment trust’s stock worth $5,241,000 after acquiring an additional 76,652 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of National Storage Affiliates Trust by 35.7% during the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock worth $2,303,000 after purchasing an additional 12,583 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $38.11 on Friday. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. The business’s 50 day moving average price is $37.71 and its 200 day moving average price is $41.15. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.91 billion, a P/E ratio of 22.29 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, sell-side 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

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.