National Storage Affiliates Trust (NYSE:NSA) Receives $47.89 Consensus Target Price from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA – Get Rating) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $47.89.

A number of analysts have recently issued reports on the stock. Capital One Financial reissued an “overweight” rating on shares of National Storage Affiliates Trust in a research note on Wednesday, December 7th. Evercore ISI reduced their price objective on shares of National Storage Affiliates Trust from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Tuesday, September 27th. UBS Group started coverage on shares of National Storage Affiliates Trust in a research note on Monday, October 17th. They set a “neutral” rating and a $43.00 target price for the company. Stifel Nicolaus cut their target price on shares of National Storage Affiliates Trust from $73.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Finally, Citigroup cut their target price on shares of National Storage Affiliates Trust from $56.50 to $41.00 in a research note on Wednesday, December 14th.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Mourick Mark Van acquired 1,280 shares of the stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $37.85 per share, for a total transaction of $48,448.00. Following the completion of the transaction, the director now directly owns 1,280 shares of the company’s stock, valued at $48,448. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mourick Mark Van bought 1,280 shares of the stock in a transaction dated Friday, November 4th. The stock was purchased at an average price of $37.85 per share, for a total transaction of $48,448.00. Following the acquisition, the director now owns 1,280 shares of the company’s stock, valued at $48,448. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Arlen Dale Nordhagen bought 21,500 shares of the stock in a transaction dated Friday, December 16th. The stock was purchased at an average price of $36.77 per share, with a total value of $790,555.00. Following the acquisition, the chairman now directly owns 4,086,351 shares in the company, valued at approximately $150,255,126.27. The disclosure for this purchase can be found here. Insiders acquired 120,752 shares of company stock worth $4,572,615 over the last 90 days. 11.80% of the stock is owned by insiders.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors have recently made changes to their positions in NSA. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of National Storage Affiliates Trust by 14.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock worth $368,000 after acquiring an additional 746 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of National Storage Affiliates Trust by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 205 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth about $227,000. Bank of Montreal Can lifted its holdings in National Storage Affiliates Trust by 64.4% during the 1st quarter. Bank of Montreal Can now owns 36,028 shares of the real estate investment trust’s stock valued at $2,298,000 after buying an additional 14,107 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in National Storage Affiliates Trust by 2.7% during the 1st quarter. Rhumbline Advisers now owns 236,485 shares of the real estate investment trust’s stock valued at $14,842,000 after buying an additional 6,140 shares in the last quarter. Institutional investors own 85.26% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $37.80 on Friday. The firm has a fifty day moving average price of $37.83 and a 200-day moving average price of $44.27. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $3.43 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 1.81 and a beta of 0.67. National Storage Affiliates Trust has a 1 year low of $34.90 and a 1 year high of $67.44.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.55 per share. The ex-dividend date was Wednesday, December 14th. This represents a $2.20 annualized dividend and a yield of 5.82%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 234.05%.

National Storage Affiliates Trust Company Profile

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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.