National Storage Affiliates Trust (NYSE:NSA) Upgraded at Zacks Research

Zacks Research upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other analysts also recently commented on the company. National Bankshares set a $32.00 price objective on National Storage Affiliates Trust in a research note on Friday, December 5th. Wall Street Zen raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. UBS Group lowered their target price on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Finally, Truist Financial cut their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, August 25th. Ten investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $33.27.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $29.56 on Monday. The stock has a market cap of $2.28 billion, a PE ratio of 48.46 and a beta of 1.19. The stock has a 50-day moving average of $30.12 and a 200-day moving average of $31.22. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $42.97.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The business had revenue of $188.70 million for the quarter, compared to analyst estimates of $184.04 million. During the same quarter last year, the firm earned $0.62 EPS. National Storage Affiliates Trust’s quarterly revenue was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.28 annualized dividend and a yield of 7.7%. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

Institutional Trading of National Storage Affiliates Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in National Storage Affiliates Trust by 339.6% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 635 shares during the last quarter. UMB Bank n.a. lifted its position in National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 379 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of National Storage Affiliates Trust during the 1st quarter worth about $32,000. Jones Financial Companies Lllp grew its holdings in shares of National Storage Affiliates Trust by 81.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 586 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of National Storage Affiliates Trust in the third quarter valued at about $41,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.