National Storage Affiliates Trust (NYSE:NSA) Hits New 52-Week Low – Here’s What Happened

Shares of National Storage Affiliates Trust (NYSE:NSA) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $27.47 and last traded at $27.7450, with a volume of 754739 shares traded. The stock had previously closed at $27.53.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NSA shares. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. UBS Group cut their price target on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Truist Financial reduced their price objective on National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, December 17th. Evercore ISI lifted their target price on National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a research report on Monday, September 15th. Finally, National Bankshares set a $32.00 target price on National Storage Affiliates Trust in a research note on Friday, December 5th. Ten equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $33.09.

National Storage Affiliates Trust Price Performance

The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 45.48 and a beta of 1.19. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. The company has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $30.85.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $188.70 million during the quarter, compared to analysts’ expectations of $184.04 million. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, December 15th. This represents a $2.28 annualized dividend and a dividend yield of 8.2%. National Storage Affiliates Trust’s payout ratio is currently 373.77%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. UniSuper Management Pty Ltd increased its position in National Storage Affiliates Trust by 1.5% during the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust’s stock worth $776,000 after buying an additional 300 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of National Storage Affiliates Trust by 21.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 308 shares during the period. UMB Bank n.a. increased its holdings in shares of National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 379 shares during the last quarter. Peak Financial Advisors LLC raised its stake in National Storage Affiliates Trust by 3.0% in the 3rd quarter. Peak Financial Advisors LLC now owns 13,272 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 382 shares during the period. Finally, California State Teachers Retirement System raised its stake in National Storage Affiliates Trust by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock valued at $2,132,000 after acquiring an additional 392 shares during the period. 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.