National Storage Affiliates Trust (NYSE:NSA) Short Interest Update

National Storage Affiliates Trust (NYSE:NSAGet Rating) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 2,220,000 shares, a decline of 17.5% from the August 15th total of 2,690,000 shares. Based on an average daily volume of 906,200 shares, the short-interest ratio is presently 2.4 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NSA. Morgan Stanley dropped their price target on shares of National Storage Affiliates Trust from $60.00 to $52.00 in a research note on Wednesday, May 25th. Truist Financial reduced their price objective on shares of National Storage Affiliates Trust from $61.00 to $57.00 and set a “hold” rating for the company in a report on Wednesday, June 1st. Finally, Jefferies Financial Group cut their price target on shares of National Storage Affiliates Trust from $78.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Moderate Buy” and an average target price of $60.60.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $46.75 on Friday. National Storage Affiliates Trust has a 52-week low of $45.13 and a 52-week high of $70.04. The firm has a market capitalization of $4.29 billion, a P/E ratio of 47.22, a P/E/G ratio of 2.15 and a beta of 0.64. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a fifty day moving average price of $52.75 and a two-hundred day moving average price of $54.86.

National Storage Affiliates Trust (NYSE:NSAGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). National Storage Affiliates Trust had a return on equity of 4.79% and a net margin of 14.91%. During the same period last year, the business earned $0.55 earnings per share. As a group, analysts anticipate that National Storage Affiliates Trust will post 2.84 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Wednesday, September 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 222.22%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NSA. Ahrens Investment Partners LLC bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at $42,000. Quadrant Capital Group LLC increased its stake in shares of National Storage Affiliates Trust by 248.0% in the second quarter. Quadrant Capital Group LLC now owns 696 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 496 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of National Storage Affiliates Trust in the first quarter valued at about $48,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $41,000. Finally, HM Payson & Co. bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

About National Storage Affiliates Trust

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National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

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