National Storage Affiliates Trust (NYSE:NSA) Receives Average Rating of “Reduce” from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus rating of “Reduce” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.44.

A number of equities research analysts have weighed in on NSA shares. Barclays started coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on National Storage Affiliates Trust in a report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price target on the stock.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently bought and sold shares of NSA. Commonwealth Equity Services LLC bought a new position in National Storage Affiliates Trust in the 3rd quarter worth $383,000. Cambridge Investment Research Advisors Inc. increased its stake in National Storage Affiliates Trust by 49.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,675 shares of the real estate investment trust’s stock worth $624,000 after buying an additional 6,533 shares in the last quarter. Raymond James & Associates increased its stake in National Storage Affiliates Trust by 5.7% in the 3rd quarter. Raymond James & Associates now owns 205,068 shares of the real estate investment trust’s stock worth $6,509,000 after buying an additional 11,121 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in National Storage Affiliates Trust by 137.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,272 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 9,993 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in National Storage Affiliates Trust by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,328 shares of the real estate investment trust’s stock worth $1,470,000 after buying an additional 673 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $36.15 on Thursday. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $42.54. The firm has a market cap of $2.71 billion, a P/E ratio of 18.93 and a beta of 0.87. The company has a 50 day moving average of $36.87 and a 200 day moving average of $36.29. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The company had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. During the same period in the previous year, the business earned $0.66 EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, research analysts expect that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.20%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

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.