National Storage Affiliates Trust (NYSE:NSA) Receives $39.75 Average Price Target from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have received an average rating of “Reduce” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.75.

Several equities analysts have recently weighed in on NSA shares. Barclays cut their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the company a “hold” rating in a research report on Monday, May 19th. Mizuho started coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 target price on the stock. Robert W. Baird cut their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company cut their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st.

National Storage Affiliates Trust Stock Down 1.2%

NSA stock opened at $33.70 on Thursday. The business’s 50-day moving average price is $35.19 and its 200-day moving average price is $37.49. The stock has a market cap of $2.58 billion, a P/E ratio of 19.70 and a beta of 1.14. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same period last year, the business posted $0.60 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.77%. National Storage Affiliates Trust’s dividend payout ratio is currently 386.44%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC lifted its position in shares of National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock valued at $384,000 after acquiring an additional 616 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $795,000. Charles Schwab Investment Management Inc. lifted its position in shares of National Storage Affiliates Trust by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock valued at $38,381,000 after acquiring an additional 23,366 shares in the last quarter. Sei Investments Co. lifted its position in shares of National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust’s stock valued at $14,943,000 after acquiring an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of National Storage Affiliates Trust by 9.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock valued at $3,406,000 after acquiring an additional 7,655 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.