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

National Storage Affiliates Trust (NYSE:NSA) has earned a consensus rating of “Reduce” from the fourteen analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $33.0909.

A number of equities analysts recently weighed in on the stock. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Evercore ISI lifted 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 report on Monday, September 15th. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. UBS Group cut their target price on shares of 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 lowered their price target on National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, December 17th.

National Storage Affiliates Trust Stock Performance

NSA opened at $28.03 on Monday. The business’s 50-day simple moving average is $29.93 and its 200 day simple moving average is $30.95. National Storage Affiliates Trust has a 52-week low of $27.97 and a 52-week high of $40.62. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $2.16 billion, a PE ratio of 45.95 and a beta of 1.19.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results 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 return on equity of 5.09% and a net margin of 8.94%.The firm had revenue of $188.70 million for the quarter, compared to analyst estimates of $184.04 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The business’s quarterly revenue was down 2.6% 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, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm 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 dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.1%. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP acquired a new position in shares of National Storage Affiliates Trust in the third quarter valued at $33,082,000. Jacobs Levy Equity Management Inc. raised its holdings in National Storage Affiliates Trust by 63.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 38,991 shares of the real estate investment trust’s stock valued at $1,178,000 after acquiring an additional 15,203 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in National Storage Affiliates Trust by 7.9% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 159,580 shares of the real estate investment trust’s stock valued at $4,839,000 after acquiring an additional 11,633 shares during the period. Alyeska Investment Group L.P. acquired a new stake in National Storage Affiliates Trust during the third quarter worth approximately $8,090,000. Finally, Private Capital Management LLC bought a new stake in shares of National Storage Affiliates Trust during the third quarter worth approximately $242,000. 99.97% of the stock is owned by 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.