National Storage Affiliates Trust (NYSE:NSA) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

National Storage Affiliates Trust (NYSE:NSA) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $29.76 and traded as high as $33.69. National Storage Affiliates Trust shares last traded at $32.6870, with a volume of 1,831,661 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NSA shares. Mizuho raised their price target on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Truist Financial raised their target price on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays set a $33.00 price target on National Storage Affiliates Trust in a research report on Tuesday, January 13th. UBS Group reduced their price objective on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, KeyCorp reissued a “sector weight” rating on shares of National Storage Affiliates Trust in a research note on Tuesday, November 4th. Nine equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $32.50.

National Storage Affiliates Trust Trading Down 1.9%

The business has a 50-day simple moving average of $29.76 and a 200-day simple moving average of $30.54. The company has a market cap of $2.52 billion, a PE ratio of 53.59 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The business had revenue of $188.70 million during the quarter, compared to analysts’ expectations of $184.04 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The company’s 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, analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.57 per share. The ex-dividend date was Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.0%. National Storage Affiliates Trust’s dividend payout ratio is 373.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Peregrine Capital Management LLC raised its holdings in National Storage Affiliates Trust by 7.0% in the second quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock valued at $4,703,000 after acquiring an additional 9,593 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth $1,167,000. Norges Bank acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth $21,991,000. Squarepoint Ops LLC purchased a new position in National Storage Affiliates Trust in the second quarter valued at $5,012,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in National Storage Affiliates Trust by 35.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock valued at $3,710,000 after buying an additional 32,252 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

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.