National Storage Affiliates Trust (NYSE:NSA) Receives Consensus Rating of “Reduce” from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given a consensus rating of “Reduce” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment 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 brokers that have issued ratings on the stock in the last year is $43.17.

NSA has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Jefferies Financial Group increased their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Truist Financial boosted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, August 16th. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Finally, Citigroup boosted their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th.

National Storage Affiliates Trust Stock Down 1.4 %

NSA stock opened at $42.23 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a 50-day moving average of $43.72 and a two-hundred day moving average of $43.43. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month high of $49.44. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 24.70 and a beta of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same period last year, the firm posted $0.67 EPS. The business’s quarterly revenue was down 20.2% on a year-over-year basis. As a group, analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.40%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is currently 133.33%.

Institutional Trading of National Storage Affiliates Trust

A number of large investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in National Storage Affiliates Trust during the third quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust in the second quarter valued at approximately $33,000. Ashton Thomas Private Wealth LLC purchased a new position in National Storage Affiliates Trust in the second quarter valued at approximately $39,000. Finally, Bellevue Asset Management LLC acquired a new stake in National Storage Affiliates Trust during the third quarter worth approximately $39,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.