National Storage Affiliates Trust (NYSE:NSA) Sets New 12-Month Low – Here’s Why

Shares of National Storage Affiliates Trust (NYSE:NSA) reached a new 52-week low on Thursday . The company traded as low as $27.47 and last traded at $27.7450, with a volume of 754739 shares. The stock had previously closed at $27.53.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Morgan Stanley raised National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $30.00 to $32.00 in a report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Wednesday, October 8th. Mizuho lowered their price target on shares of National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, Evercore ISI boosted their price target on shares of 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. Ten investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Stock Up 0.8%

The firm has a market cap of $2.14 billion, a P/E ratio of 45.48 and a beta of 1.19. The firm’s 50 day moving average is $29.72 and its two-hundred day moving average is $30.85. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust (NYSE:NSA) last issued 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. The firm had revenue of $188.70 million during the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, December 15th. This represents a $2.28 annualized dividend and a yield of 8.2%. National Storage Affiliates Trust’s payout ratio is currently 373.77%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in shares of 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 period. UMB Bank n.a. increased its stake 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 purchasing an additional 379 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in National Storage Affiliates Trust during the 1st quarter worth approximately $32,000. Jones Financial Companies Lllp raised its holdings 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 buying an additional 586 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in National Storage Affiliates Trust in the third quarter valued at approximately $41,000. 99.97% of the stock is currently 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.