National Storage Affiliates Trust (NYSE:NSA) Given New $34.00 Price Target at Robert W. Baird

National Storage Affiliates Trust (NYSE:NSA) had its target price decreased by Robert W. Baird from $39.00 to $34.00 in a report issued on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the real estate investment trust’s stock.

NSA has been the topic of a number of other research reports. Barclays lowered their price objective on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Morgan Stanley downgraded National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research report on Tuesday, May 27th. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They set an “underperform” rating and a $33.00 price target on the stock. Finally, BNP Paribas upgraded National Storage Affiliates Trust to a “strong sell” rating in a research report on Tuesday, June 24th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average price target of $37.54.

National Storage Affiliates Trust Trading Up 0.8%

Shares of NSA stock opened at $29.97 on Tuesday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44. The company has a market capitalization of $2.30 billion, a PE ratio of 48.33 and a beta of 1.10. The business’s fifty day moving average is $31.94 and its 200 day moving average is $35.08.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%. The business had revenue of $188.84 million during the quarter, compared to analysts’ expectations of $185.91 million. During the same quarter last year, the business posted $0.21 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. On average, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.57 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 7.6%. National Storage Affiliates Trust’s payout ratio is currently 367.74%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Fourth Dimension Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter worth about $28,000. UMB Bank n.a. grew its stake in shares of National Storage Affiliates Trust by 71.9% in the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 379 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust in the first quarter worth about $32,000. Quarry LP grew its stake in shares of National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 756 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 821 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

About National Storage Affiliates Trust

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.