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

National Storage Affiliates Trust (NYSE:NSA) has been given a consensus recommendation of “Reduce” by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $32.20.

Several equities analysts recently issued reports on NSA shares. Truist Financial cut their target price 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Wednesday, October 8th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Finally, Mizuho upped their target price on National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Long Pond Capital LP purchased a new stake in National Storage Affiliates Trust in the second quarter valued at $79,936,000. Balyasny Asset Management L.P. lifted its holdings in shares of National Storage Affiliates Trust by 172.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock valued at $100,670,000 after buying an additional 1,989,965 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $33,082,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 723.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock worth $32,261,000 after buying an additional 937,939 shares during the last quarter. Finally, Bank of America Corp DE raised its position in National Storage Affiliates Trust by 159.2% during the third quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock valued at $35,169,000 after acquiring an additional 714,840 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $33.59 on Friday. The company has a 50 day moving average price of $29.32 and a 200 day moving average price of $30.50. The firm has a market capitalization of $2.59 billion, a P/E ratio of 55.07 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is 373.77%.

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.