National Storage Affiliates Trust (NYSE:NSA) Receives $32.20 Average Target Price from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have earned an average recommendation of “Reduce” from the thirteen analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.20.

NSA has been the subject of several analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. KeyCorp reiterated a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Barclays set a $33.00 target price on shares of National Storage Affiliates Trust in a research note on Tuesday, January 13th. National Bankshares set a $32.00 price target on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Finally, Morgan Stanley upgraded National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $30.00 to $32.00 in a report on Friday, December 5th.

National Storage Affiliates Trust Stock Up 1.0%

Shares of NYSE:NSA opened at $33.87 on Friday. The firm has a market cap of $2.61 billion, a P/E ratio of 55.53 and a beta of 1.18. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $40.62. The business has a fifty day simple moving average of $29.38 and a 200 day simple moving average of $30.49.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The firm had revenue of $188.70 million for the quarter, compared to analyst estimates of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Monday, December 15th. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently modified their holdings of NSA. Farther Finance Advisors LLC increased its stake in shares of National Storage Affiliates Trust by 339.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares in the last quarter. UMB Bank n.a. grew its holdings in National Storage Affiliates Trust by 71.9% in the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 379 shares during the period. Advisors Asset Management Inc. acquired a new stake in National Storage Affiliates Trust in the first quarter worth $32,000. Jones Financial Companies Lllp increased its stake in National Storage Affiliates Trust by 81.8% in the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 586 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of National Storage Affiliates Trust during the third quarter valued at about $41,000. 99.97% of the stock is currently owned by institutional investors.

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.