National Storage Affiliates Trust (NYSE:NSA) Upgraded at Evercore

Evercore upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other brokerages have also recently commented on NSA. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Thursday, January 22nd. Zacks Research upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wolfe Research raised shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Mizuho upped 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 report on Monday, January 12th. Finally, Morgan Stanley upgraded National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $30.00 to $32.00 in a research report on Friday, December 5th. Twelve investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $33.60.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $38.79 on Tuesday. The stock’s 50-day simple moving average is $33.69 and its 200 day simple moving average is $31.29. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 56.21 and a beta of 1.17. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.25 and a current ratio of 0.25. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $41.37.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The business had revenue of $187.03 million during the quarter, compared to analyst estimates of $187.24 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. Research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 330.43%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its position in shares of National Storage Affiliates Trust by 339.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 635 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in National Storage Affiliates Trust in the first quarter worth $32,000. UMB Bank n.a. increased its stake in National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 975 shares during the last quarter. Jones Financial Companies Lllp increased its stake in National Storage Affiliates Trust by 81.8% in the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 586 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in National Storage Affiliates Trust during the third quarter valued at about $41,000. 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 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.