National Storage Affiliates Trust (NYSE:NSA) Given New $37.00 Price Target at Truist Financial

National Storage Affiliates Trust (NYSE:NSA) had its target price trimmed by Truist Financial from $39.00 to $37.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

NSA has been the topic of several other research reports. Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Mizuho began coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price target on the stock. Robert W. Baird dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Barclays dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.83.

National Storage Affiliates Trust Stock Up 0.4%

National Storage Affiliates Trust stock opened at $36.85 on Monday. The firm has a market cap of $2.82 billion, a PE ratio of 21.55 and a beta of 1.20. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50 day moving average price is $36.48 and its two-hundred day moving average price is $38.50. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.19%. National Storage Affiliates Trust’s payout ratio is presently 386.44%.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. This trade represents a 200.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 13.70% of the company’s stock.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SPC Financial Inc. increased its position in National Storage Affiliates Trust by 4.6% in the 4th quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 300 shares in the last quarter. UniSuper Management Pty Ltd increased its position in National Storage Affiliates Trust by 1.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust’s stock valued at $776,000 after acquiring an additional 300 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in National Storage Affiliates Trust by 4.1% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 398 shares in the last quarter. Retirement Systems of Alabama increased its position in National Storage Affiliates Trust by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after acquiring an additional 412 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in National Storage Affiliates Trust by 7.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock valued at $234,000 after acquiring an additional 413 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

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.