National Storage Affiliates Trust (NYSE:NSA) Given Consensus Rating of “Reduce” by Brokerages

National Storage Affiliates Trust (NYSE:NSA) has been given an average rating of “Reduce” by the nine ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $36.44.

Several research analysts recently weighed in on NSA shares. Barclays started coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target for the company. Deutsche Bank Aktiengesellschaft started 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 for the company.

Institutional Trading of National Storage Affiliates Trust

Several large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its stake in shares of National Storage Affiliates Trust by 30.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 71,581 shares of the real estate investment trust’s stock valued at $2,272,000 after buying an additional 16,608 shares during the period. Whittier Trust Co. grew its stake in shares of National Storage Affiliates Trust by 3,949.9% in the 4th quarter. Whittier Trust Co. now owns 126,721 shares of the real estate investment trust’s stock valued at $5,255,000 after buying an additional 123,592 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $900,000. Massachusetts Financial Services Co. MA grew its stake in shares of National Storage Affiliates Trust by 5.4% in the 3rd 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 buying an additional 64,920 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $304,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 1.3 %

Shares of National Storage Affiliates Trust stock opened at $36.15 on Thursday. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $42.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50-day simple moving average of $36.87 and a two-hundred day simple moving average of $36.29. The company has a market cap of $2.71 billion, a P/E ratio of 18.93 and a beta of 0.87.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The firm had revenue of $196.15 million during the quarter, compared to the consensus estimate of $191.70 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. As a group, equities analysts predict that National Storage Affiliates Trust will post 2.5 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.24 annualized dividend and a yield of 6.20%. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

National Storage Affiliates Trust Company Profile

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.