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

National Storage Affiliates Trust (NYSE:NSA) has been given an average recommendation of “Reduce” by the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $35.9655.

A number of equities analysts have commented on the stock. BNP Paribas Exane raised shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price on the stock in a research note on Monday, March 16th. Barclays lifted their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Evercore raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st.

National Storage Affiliates Trust Price Performance

Shares of NSA stock opened at $45.66 on Monday. 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 firm’s 50-day moving average is $42.50 and its two-hundred day moving average is $35.92. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $46.47. The company has a market capitalization of $3.53 billion, a PE ratio of 60.88 and a beta of 1.05.

National Storage Affiliates Trust (NYSE:NSA) last issued its 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). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $181.69 million. During the same period last year, the firm earned $0.54 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts predict that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, June 15th. National Storage Affiliates Trust’s payout ratio is 304.00%.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. raised its stake in shares of National Storage Affiliates Trust by 11.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,622,624 shares of the real estate investment trust’s stock valued at $73,984,000 after acquiring an additional 273,095 shares during the period. Cohen & Steers Inc. raised its stake in shares of National Storage Affiliates Trust by 145.6% in the 4th quarter. Cohen & Steers Inc. now owns 2,161,651 shares of the real estate investment trust’s stock valued at $60,980,000 after acquiring an additional 1,281,337 shares during the period. Jennison Associates LLC raised its stake in shares of National Storage Affiliates Trust by 30.6% in the 1st quarter. Jennison Associates LLC now owns 1,274,412 shares of the real estate investment trust’s stock valued at $48,096,000 after acquiring an additional 298,602 shares during the period. Rush Island Management LP purchased a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $33,788,000. Finally, Bank of America Corp DE raised its stake in shares of National Storage Affiliates Trust by 159.2% in the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock valued at $35,169,000 after acquiring an additional 714,840 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

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.