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

National Storage Affiliates Trust (NYSE:NSA) has received an average recommendation of “Reduce” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and twelve have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $38.3291.

Several research analysts have recently commented on the company. Citigroup boosted their target price on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Truist Financial lifted their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research note on Monday, March 16th. UBS Group boosted their price objective on National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Evercore set a $46.00 target price on National Storage Affiliates Trust and gave the stock a “cautious” rating in a report on Monday.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors have recently modified their holdings of NSA. Cohen & Steers Inc. grew its holdings in National Storage Affiliates Trust by 145.6% during the 4th quarter. Cohen & Steers Inc. now owns 2,161,651 shares of the real estate investment trust’s stock worth $60,980,000 after acquiring an additional 1,281,337 shares during the period. Rush Island Management LP bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at $33,788,000. Hudson Bay Capital Management LP acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at $33,082,000. Freestone Grove Partners LP lifted its stake in shares of National Storage Affiliates Trust by 7,053.7% in the 4th quarter. Freestone Grove Partners LP now owns 1,000,091 shares of the real estate investment trust’s stock valued at $28,213,000 after purchasing an additional 986,111 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of National Storage Affiliates Trust by 723.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock worth $32,261,000 after purchasing an additional 937,939 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 0.5%

Shares of NSA stock opened at $44.58 on Friday. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $46.47. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a fifty day moving average price of $43.74 and a 200 day moving average price of $38.01. The stock has a market cap of $3.44 billion, a P/E ratio of 59.44 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The business had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts predict that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 304.00%.

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.