Analysts Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $43.17

Shares of National Storage Affiliates Trust (NYSE:NSA) have earned a consensus rating of “Reduce” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $43.17.

Several analysts have recently weighed in on NSA shares. Robert W. Baird lifted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Truist Financial boosted their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Jefferies Financial Group upped their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Citigroup increased their price objective on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th.

National Storage Affiliates Trust Trading Up 2.0 %

Shares of National Storage Affiliates Trust stock opened at $44.22 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $3.37 billion, a P/E ratio of 25.82 and a beta of 0.99. National Storage Affiliates Trust has a 1 year low of $32.42 and a 1 year high of $49.44. The company’s fifty day moving average is $45.01 and its two-hundred day moving average is $42.61.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm’s revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.16%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 130.99%.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors and hedge funds have recently modified their holdings of NSA. Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in National Storage Affiliates Trust during the third quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust in the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth $39,000. Finally, Bellevue Asset Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth $39,000. 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.