Mizuho Issues Positive Forecast for National Storage Affiliates Trust (NYSE:NSA) Stock Price

National Storage Affiliates Trust (NYSE:NSA) had its price objective raised by Mizuho from $30.00 to $32.00 in a research note released on Monday, Marketbeat.com reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the stock. Truist Financial dropped their target price on shares of National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, December 17th. UBS Group decreased their price target on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday. Wall Street Zen downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. National Bankshares set a $32.00 price objective on National Storage Affiliates Trust in a report on Friday, December 5th. Finally, Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Nine research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average target price of $32.50.

National Storage Affiliates Trust Stock Up 2.0%

Shares of NYSE:NSA opened at $32.00 on Monday. The company has a market capitalization of $2.46 billion, a PE ratio of 52.47 and a beta of 1.18. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. The business has a fifty day moving average price of $29.16 and a two-hundred day moving average price of $30.46. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $40.62.

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, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $188.70 million for the quarter, compared to analysts’ expectations of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.1%. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the first quarter valued at $32,000. Farther Finance Advisors LLC boosted its stake in National Storage Affiliates Trust by 339.6% in the 3rd 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. boosted its stake in National Storage Affiliates Trust by 71.9% in 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 during the period. Jones Financial Companies Lllp grew its holdings in National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of National Storage Affiliates Trust during the third quarter valued at about $41,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Company Profile

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.