National Storage Affiliates Trust (NYSE:NSA) Price Target Lowered to $32.00 at UBS Group

National Storage Affiliates Trust (NYSE:NSA) had its target price lowered by UBS Group from $39.00 to $32.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently commented on NSA. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 30th. Barclays cut their price objective on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Truist Financial decreased their target price on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, August 25th. Finally, Robert W. Baird lowered their target price on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $35.33.

National Storage Affiliates Trust Stock Down 0.4%

Shares of NYSE:NSA opened at $30.82 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $2.37 billion, a P/E ratio of 49.71 and a beta of 1.09. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44. The stock’s fifty day simple moving average is $31.34 and its 200-day simple moving average is $34.02.

National Storage Affiliates Trust (NYSE:NSA) last announced 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 net margin of 8.92% and a return on equity of 4.91%. The firm had revenue of $188.84 million for the quarter, compared to analysts’ expectations of $185.91 million. During the same period in the previous year, the company posted $0.21 EPS. The business’s quarterly revenue was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared 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 of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.4%. National Storage Affiliates Trust’s dividend payout ratio is currently 367.74%.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors and hedge funds have recently bought and sold shares of NSA. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at approximately $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 in the last quarter. Advisors Asset Management Inc. acquired a new position in National Storage Affiliates Trust during the 1st quarter valued at about $32,000. Jones Financial Companies Lllp raised its holdings 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 in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at $50,000. Institutional investors and hedge funds 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.