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

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given a consensus rating of “Reduce” by the thirteen analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.5417.

A number of research analysts have commented on NSA shares. BNP Paribas upgraded National Storage Affiliates Trust to a “strong sell” rating in a research note on Tuesday, June 24th. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird dropped their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 price objective for the company. Finally, National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a report on Tuesday, June 24th.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $30.14 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. The stock has a fifty day moving average of $31.68 and a two-hundred day moving average of $34.86. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 48.60 and a beta of 1.10. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $185.91 million. During the same quarter last year, the business earned $0.21 EPS. National Storage Affiliates Trust’s revenue for the quarter was down .8% compared to the same quarter last year. On average, analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.6%. National Storage Affiliates Trust’s dividend payout ratio is currently 367.74%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Large investors have recently bought and sold shares of the business. Fourth Dimension Wealth LLC bought a new stake in National Storage Affiliates Trust in the fourth quarter worth $28,000. UMB Bank n.a. lifted 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 valued at $29,000 after buying an additional 379 shares during the period. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust during the first quarter worth about $32,000. Quarry LP lifted its stake in National Storage Affiliates Trust by 444.7% during 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 period. Finally, Jones Financial Companies Lllp lifted its stake in National Storage Affiliates Trust by 207.3% during 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 period. 99.97% of the stock is currently owned by 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.