National Storage Affiliates Trust (NYSE:NSA – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $43.32 and traded as high as $45.75. National Storage Affiliates Trust shares last traded at $45.4050, with a volume of 949,128 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on NSA shares. BNP Paribas Exane upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective on the stock in a report on Monday, March 16th. Barclays upped their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. UBS Group raised their price target on National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Thirteen equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and a consensus target price of $37.06.
View Our Latest Research Report on National Storage Affiliates Trust
National Storage Affiliates Trust Stock Up 1.3%
National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The company had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities analysts expect that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.
National Storage Affiliates Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, June 15th. National Storage Affiliates Trust’s payout ratio is 304.00%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in NSA. State of Michigan Retirement System increased its stake in shares of National Storage Affiliates Trust by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 17,001 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 300 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in National Storage Affiliates Trust by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,686 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 336 shares in the last quarter. California State Teachers Retirement System increased its position in National Storage Affiliates Trust by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock worth $2,132,000 after purchasing an additional 392 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in National Storage Affiliates Trust by 2.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,503 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 400 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in National Storage Affiliates Trust by 42.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 424 shares in the last quarter. 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.
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