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

Shares of National Storage Affiliates Trust (NYSE:NSA) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $43.32 and traded as high as $45.75. National Storage Affiliates Trust shares last traded at $45.4050, with a volume of 949,128 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NSA. Citigroup raised their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. UBS Group lifted their target price on National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Monday, March 16th. Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Barclays lifted their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Thirteen investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Reduce” and an average target price of $37.06.

National Storage Affiliates Trust Stock Up 1.3%

The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 60.54 and a beta of 1.05. The stock’s 50 day moving average is $43.32 and its 200 day moving average is $36.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02.

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

National Storage Affiliates Trust Announces Dividend

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

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of hedge funds have recently modified their holdings of NSA. Advisors Asset Management Inc. purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $32,000. UMB Bank n.a. raised its stake in shares of 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 purchasing an additional 975 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of National Storage Affiliates Trust by 42.5% during the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 424 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of National Storage Affiliates Trust by 43.5% during the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 541 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.