National Storage Affiliates Trust (NYSE:NSA) Reaches New 1-Year High – Here’s Why

Shares of National Storage Affiliates Trust (NYSE:NSA) reached a new 52-week high during trading on Friday . The stock traded as high as $42.66 and last traded at $42.9940, with a volume of 21610 shares traded. The stock had previously closed at $42.21.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 5th. Mizuho raised their price target on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Wolfe Research upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Barclays raised their price target on shares of National Storage Affiliates Trust from $33.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, March 5th. Finally, BNP Paribas Exane upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Monday, March 16th. Twelve investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $33.60.

National Storage Affiliates Trust Price Performance

The company has a debt-to-equity ratio of 2.86, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 62.75 and a beta of 1.08. The stock’s 50 day simple moving average is $36.61 and its 200-day simple moving average is $32.51.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results 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. The firm had revenue of $187.03 million during the quarter, compared to analysts’ expectations of $187.24 million. National Storage Affiliates Trust had a net margin of 9.80% and a return on equity of 5.81%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. On average, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $0.57 dividend. The ex-dividend date was Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a yield of 5.3%. National Storage Affiliates Trust’s payout ratio is 330.43%.

Institutional Trading of National Storage Affiliates Trust

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new stake in National Storage Affiliates Trust in the first quarter valued at approximately $32,000. Farther Finance Advisors LLC raised its position in shares of National Storage Affiliates Trust by 339.6% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 635 shares during the period. UMB Bank n.a. raised its position in shares of National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 975 shares during the period. Jones Financial Companies Lllp raised its position in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of National Storage Affiliates Trust in the third quarter valued at approximately $41,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.