National Storage Affiliates Trust (NYSE:NSA) Price Target Raised to $38.00

National Storage Affiliates Trust (NYSE:NSA) had its price target hoisted by Barclays from $33.00 to $38.00 in a research report report published on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Morgan Stanley upgraded National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $30.00 to $32.00 in a research note on Friday, December 5th. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Truist Financial upped their target price on National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company reduced their target price on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating on the stock in a report on Thursday, February 5th. Ten equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Reduce” and a consensus target price of $32.80.

National Storage Affiliates Trust Trading Up 0.5%

NSA stock opened at $34.15 on Thursday. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62. The company has a market capitalization of $2.63 billion, a PE ratio of 49.49 and a beta of 1.17. The company’s 50-day simple moving average is $32.48 and its 200 day simple moving average is $31.07. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.25 and a current ratio of 0.25.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. National Storage Affiliates Trust had a net margin of 9.80% and a return on equity of 5.81%. The firm had revenue of $187.03 million during the quarter, compared to the consensus estimate of $187.24 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.28 annualized dividend and a yield of 6.7%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 330.43%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of National Storage Affiliates Trust by 258.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 118,476 shares of the real estate investment trust’s stock worth $3,580,000 after purchasing an additional 85,382 shares during the last quarter. Capital Fund Management S.A. bought a new position in National Storage Affiliates Trust in the 2nd quarter valued at approximately $1,167,000. Norges Bank bought a new position in National Storage Affiliates Trust in the 2nd quarter valued at approximately $21,991,000. OVERSEA CHINESE BANKING Corp Ltd boosted its position in National Storage Affiliates Trust by 35.6% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock worth $3,710,000 after buying an additional 32,252 shares during the period. Finally, Citigroup Inc. boosted its position in National Storage Affiliates Trust by 19.2% during the 3rd quarter. Citigroup Inc. now owns 253,962 shares of the real estate investment trust’s stock worth $7,675,000 after buying an additional 40,871 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

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.