National Storage Affiliates Trust (NYSE:NSA) Given Average Rating of “Reduce” by Analysts

National Storage Affiliates Trust (NYSE:NSA) has been given a consensus recommendation of “Reduce” by the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $32.30.

A number of equities research analysts have recently weighed in on NSA shares. Truist Financial boosted their price objective on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Barclays set a $33.00 price target on shares of National Storage Affiliates Trust in a research report on Tuesday, January 13th. KeyCorp reiterated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wells Fargo & Company decreased their price target on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating on the stock in a research note on Thursday.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of hedge funds have recently modified their holdings of the company. Kestra Investment Management LLC raised its stake in shares of National Storage Affiliates Trust by 15.1% during the fourth quarter. Kestra Investment Management LLC now owns 14,691 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 1,929 shares during the last quarter. Legal & General Group Plc increased its holdings in National Storage Affiliates Trust by 19.6% during the 4th quarter. Legal & General Group Plc now owns 410,893 shares of the real estate investment trust’s stock valued at $11,591,000 after purchasing an additional 67,220 shares during the period. Legato Capital Management LLC bought a new position in National Storage Affiliates Trust during the 4th quarter valued at approximately $787,000. Global Retirement Partners LLC lifted its holdings in National Storage Affiliates Trust by 247.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,302 shares during the period. Finally, IFP Advisors Inc lifted its holdings in National Storage Affiliates Trust by 12.7% in the 4th quarter. IFP Advisors Inc now owns 4,531 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 511 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $32.87 on Tuesday. The stock’s 50-day moving average is $30.44 and its 200 day moving average is $30.54. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 53.89 and a beta of 1.19. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $40.62. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

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.