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

National Storage Affiliates Trust (NYSE:NSA) has been assigned an average recommendation of “Reduce” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.75.

Several research firms have recently issued reports on NSA. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Robert W. Baird cut their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Truist Financial set a $37.00 price target on shares of National Storage Affiliates Trust and gave the company a “hold” rating in a research report on Monday, May 19th. Barclays dropped their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Finally, Mizuho assumed coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price on the stock.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently added to or reduced their stakes in the business. SPC Financial Inc. boosted its holdings in shares of 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 purchasing an additional 300 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of 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 worth $776,000 after buying an additional 300 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in shares of 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 worth $385,000 after buying an additional 398 shares during the period. Retirement Systems of Alabama boosted its holdings in National Storage Affiliates Trust by 0.5% in the fourth 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 during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in National Storage Affiliates Trust by 7.5% in the first 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 during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Down 1.1%

Shares of NYSE:NSA opened at $33.56 on Thursday. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm’s 50-day simple moving average is $35.62 and its 200-day simple moving average is $37.85. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 19.63 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $188.35 million for the quarter, compared to analysts’ expectations of $184.65 million. During the same period last year, the firm earned $0.60 EPS. National Storage Affiliates Trust’s revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date of this dividend is Friday, June 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 386.44%.

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.