National Storage Affiliates Trust (NYSE:NSA) Coverage Initiated by Analysts at Barclays

Barclays initiated coverage on shares of National Storage Affiliates Trust (NYSE:NSAFree Report) in a research note released on Wednesday morning, MarketBeat reports. The firm issued an equal weight rating and a $39.00 price target on the real estate investment trust’s stock.

Several other brokerages also recently weighed in on NSA. StockNews.com upgraded shares of National Storage Affiliates Trust from a sell rating to a hold rating in a research report on Saturday, December 23rd. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a hold rating in a research report on Thursday, December 28th. Wells Fargo & Company boosted their price target on shares of National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an underweight rating in a research report on Tuesday, December 12th. Evercore ISI restated an underperform rating and set a $35.00 price target (up from $32.00) on shares of National Storage Affiliates Trust in a research report on Monday, December 11th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a sell rating and a $33.00 price target on the stock. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust currently has an average rating of Hold and a consensus target price of $36.60.

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National Storage Affiliates Trust Trading Up 4.8 %

Shares of NYSE:NSA opened at $38.92 on Wednesday. The company has a market cap of $3.11 billion, a PE ratio of 25.95 and a beta of 0.84. The company’s 50-day moving average price is $37.09 and its 200 day moving average price is $35.37. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $43.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 149.33%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its position in shares of National Storage Affiliates Trust by 30.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 71,581 shares of the real estate investment trust’s stock worth $2,272,000 after acquiring an additional 16,608 shares in the last quarter. Whittier Trust Co. grew its position in National Storage Affiliates Trust by 3,949.9% during the fourth quarter. Whittier Trust Co. now owns 126,721 shares of the real estate investment trust’s stock valued at $5,255,000 after purchasing an additional 123,592 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in National Storage Affiliates Trust by 5.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,259,860 shares of the real estate investment trust’s stock valued at $39,988,000 after purchasing an additional 64,920 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in National Storage Affiliates Trust by 39.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 26,882 shares of the real estate investment trust’s stock valued at $854,000 after purchasing an additional 7,598 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its position in National Storage Affiliates Trust by 6.0% during the third quarter. TimesSquare Capital Management LLC now owns 929,315 shares of the real estate investment trust’s stock valued at $29,496,000 after purchasing an additional 52,605 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Company Profile

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National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.

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Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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