Analysts Set National Storage Affiliates Trust (NYSE:NSA) PT at $41.28

National Storage Affiliates Trust (NYSE:NSA) has been assigned a consensus rating of “Reduce” from the ten research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $41.28.

NSA has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Mizuho assumed coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price target on the stock. Robert W. Baird lowered their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Barclays cut their target price on shares of 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.70% of the stock is currently owned by insiders.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds have recently modified their holdings of NSA. Balyasny Asset Management L.P. bought a new stake in National Storage Affiliates Trust in the fourth quarter valued at $51,081,000. Norges Bank acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $26,737,000. Wasatch Advisors LP increased its position in National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock valued at $253,208,000 after buying an additional 506,398 shares in the last quarter. Raymond James Financial Inc. acquired a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $13,354,000. Finally, TimesSquare Capital Management LLC boosted its holdings in National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after acquiring an additional 315,474 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $36.68 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $2.80 billion, a PE ratio of 21.45 and a beta of 1.04. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The stock’s 50-day simple moving average is $37.18 and its 200 day simple moving average is $39.49.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. On average, analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is 200.00%.

National Storage Affiliates Trust Company Profile

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.