National Storage Affiliates Trust (NYSE:NSA) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a sell rating in a research report report published on Friday morning.

NSA has been the subject of a number of other reports. Barclays decreased their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. UBS Group decreased their price target on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. BNP Paribas Exane started coverage on National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 price target for the company. BNP Paribas raised shares of National Storage Affiliates Trust to a “strong sell” rating in a report on Tuesday, June 24th. Finally, National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research note on Tuesday, June 24th. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $33.64.

National Storage Affiliates Trust Stock Up 0.4%

NYSE:NSA opened at $30.18 on Friday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 48.67 and a beta of 1.08. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $46.46. The stock has a 50-day simple moving average of $30.90 and a 200 day simple moving average of $33.34. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The firm had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Monday, September 15th. National Storage Affiliates Trust’s payout ratio is presently 367.74%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Hedge funds have recently made changes to their positions in the business. UMB Bank n.a. raised its holdings in shares of National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 379 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust during the first quarter valued at approximately $32,000. Jones Financial Companies Lllp raised its holdings in shares of National Storage Affiliates Trust by 207.3% during 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 buying an additional 821 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of National Storage Affiliates Trust by 21.4% during the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 308 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of National Storage Affiliates Trust by 6,617.4% during the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 1,522 shares during the last quarter. 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.