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

Shares of National Storage Affiliates Trust (NYSE:NSA) have received an average rating of “Reduce” from the fourteen brokerages that are covering the company, Marketbeat reports. Six analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $33.6364.

Several equities analysts have weighed in on the stock. Zacks Research lowered shares of National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. UBS Group decreased their price objective on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Evercore ISI raised their target price on National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research note on Monday, September 15th. Wall Street Zen upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Barclays decreased their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of hedge funds have recently made changes to their positions in NSA. Farther Finance Advisors LLC raised its position in National Storage Affiliates Trust by 339.6% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 635 shares during the period. 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 valued at $29,000 after buying an additional 379 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at $32,000. Jones Financial Companies Lllp lifted its stake in National Storage Affiliates Trust by 81.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 586 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $29.52 on Thursday. The business’s 50 day moving average price is $30.22 and its 200 day moving average price is $31.63. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 47.61 and a beta of 1.10. 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 one year low of $28.02 and a one year high of $46.07.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $188.70 million during the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.7%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 373.77%.

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.