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

National Storage Affiliates Trust (NYSE:NSA) has been assigned an average recommendation of “Reduce” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $33.0909.

A number of research analysts have issued reports on NSA shares. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Finally, Morgan Stanley raised National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $30.00 to $32.00 in a report on Friday, December 5th.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $28.03 on Monday. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 45.95 and a beta of 1.19. The stock’s fifty day moving average price is $29.93 and its two-hundred day moving average price is $30.95. National Storage Affiliates Trust has a one year low of $27.97 and a one year high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The company had revenue of $188.70 million during the quarter, compared to analysts’ expectations of $184.04 million. During the same quarter in the previous year, the business posted $0.62 earnings per share. National Storage Affiliates Trust’s quarterly revenue was down 2.6% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 373.77%.

Institutional Trading of National Storage Affiliates Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. raised its position in National Storage Affiliates Trust by 172.0% during the second quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock valued at $100,670,000 after purchasing an additional 1,989,965 shares in the last quarter. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth $79,936,000. Prudential Financial Inc. boosted its stake in National Storage Affiliates Trust by 50.0% in the second quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after buying an additional 696,067 shares in the last quarter. Jennison Associates LLC boosted its stake in National Storage Affiliates Trust by 38.5% in the second quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock valued at $47,510,000 after buying an additional 413,173 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in National Storage Affiliates Trust by 0.9% in the second quarter. Geode Capital Management LLC now owns 1,435,046 shares of the real estate investment trust’s stock valued at $45,912,000 after acquiring an additional 12,737 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.