Shares of National Storage Affiliates Trust (NYSE:NSA – Get Free Report) have received a consensus recommendation of “Reduce” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $38.63.
Several brokerages have recently commented on NSA. Barclays lowered their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 target price for the company. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the company a “hold” rating in a report on Monday, May 19th. Finally, Morgan Stanley downgraded shares of National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price objective for the company. in a report on Tuesday, May 27th.
Check Out Our Latest Analysis on NSA
National Storage Affiliates Trust Stock Down 1.0%
National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The business had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.
National Storage Affiliates Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 7.17%. National Storage Affiliates Trust’s payout ratio is 386.44%.
Hedge Funds Weigh In On National Storage Affiliates Trust
Large investors have recently modified their holdings of the business. Fourth Dimension Wealth LLC purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $28,000. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the first quarter worth about $32,000. Quarry LP increased its stake in shares of National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 756 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 821 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.
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.
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