National Storage Affiliates Trust (NYSE:NSA) Coverage Initiated by Analysts at Barclays

Barclays initiated coverage on shares of National Storage Affiliates Trust (NYSE:NSA) in a research report released on Wednesday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $39.00 price objective on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on NSA. Evercore ISI reissued an underperform rating and issued a $35.00 price objective (up previously from $32.00) on shares of National Storage Affiliates Trust in a research note on Monday, December 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a sell rating and a $33.00 price target on the stock. Truist Financial upped their price target on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a hold rating in a research report on Thursday, December 28th. StockNews.com raised shares of National Storage Affiliates Trust from a sell rating to a hold rating in a research report on Saturday, December 23rd. Finally, Wells Fargo & Company upped their price target on shares of National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an underweight rating in a research report on Tuesday, December 12th. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $36.60.

National Storage Affiliates Trust Stock Up 4.8 %

Shares of NSA opened at $38.92 on Wednesday. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $43.28. The company has a market cap of $3.11 billion, a P/E ratio of 25.95 and a beta of 0.84. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a 50 day simple moving average of $37.09 and a two-hundred day simple moving average of $35.37.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.24 annualized dividend and a yield of 5.76%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 149.33%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. grew its position in shares of National Storage Affiliates Trust by 69.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock valued at $95,789,000 after acquiring an additional 950,171 shares during the period. Norges Bank bought a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at approximately $33,132,000. State Street Corp grew its position in shares of National Storage Affiliates Trust by 14.1% during the 1st quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock valued at $304,029,000 after acquiring an additional 598,640 shares during the period. Wasatch Advisors LP grew its position in shares of National Storage Affiliates Trust by 8.2% during the 4th quarter. Wasatch Advisors LP now owns 5,455,292 shares of the real estate investment trust’s stock valued at $226,231,000 after acquiring an additional 412,094 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in National Storage Affiliates Trust by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after buying an additional 181,644 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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.