National Storage Affiliates Trust (NYSE:NSA) Reaches New 1-Year Low – Here’s What Happened

Shares of National Storage Affiliates Trust (NYSE:NSA) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $28.01 and last traded at $28.0080, with a volume of 81336 shares. The stock had previously closed at $28.40.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NSA shares. Mizuho lowered their target price on National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. KeyCorp reiterated a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Evercore ISI increased their price objective on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a research note on Monday, September 15th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Morgan Stanley raised shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $30.00 to $32.00 in a report on Friday, December 5th. Ten analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Trading Down 1.3%

The business has a 50 day simple moving average of $29.93 and a two-hundred day simple moving average of $30.97. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. The company has a market cap of $2.16 billion, a PE ratio of 45.95 and a beta of 1.19.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The firm had revenue of $188.70 million during the quarter, compared to analyst estimates of $184.04 million. During the same period in the prior year, the firm posted $0.62 earnings per share. The business’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. On average, analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Monday, December 15th. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors have recently made changes to their positions in the stock. UniSuper Management Pty Ltd boosted its position in shares of National Storage Affiliates Trust by 1.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust’s stock worth $776,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC lifted its stake in National Storage Affiliates Trust by 21.4% in the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 308 shares during the period. UMB Bank n.a. lifted its stake in 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. Peak Financial Advisors LLC boosted its holdings in National Storage Affiliates Trust by 3.0% during the third quarter. Peak Financial Advisors LLC now owns 13,272 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 382 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of National Storage Affiliates Trust by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock worth $2,132,000 after buying an additional 392 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.