National Storage Affiliates Trust (NYSE:NSA) Price Target Raised to $32.00

National Storage Affiliates Trust (NYSE:NSA) had its price target increased by Mizuho from $30.00 to $32.00 in a research report report published on Monday, Marketbeat.com reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

NSA has been the subject of a number of other research reports. Evercore ISI boosted their price objective on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a report on Monday, September 15th. National Bankshares set a $32.00 price target on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Morgan Stanley upgraded National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $30.00 to $32.00 in a research note on Friday, December 5th. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Reduce” and an average target price of $32.20.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $32.78 on Monday. The stock has a 50 day simple moving average of $29.25 and a 200 day simple moving average of $30.48. The stock has a market cap of $2.52 billion, a P/E ratio of 53.74 and a beta of 1.18. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $40.62. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The firm had revenue of $188.70 million for the quarter, compared to analysts’ expectations of $184.04 million. During the same quarter last year, the business earned $0.62 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Research analysts anticipate 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 paid a dividend of $0.57 per share. The ex-dividend date was Monday, December 15th. This represents a $2.28 annualized dividend and a yield of 7.0%. National Storage Affiliates Trust’s dividend payout ratio is presently 373.77%.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors and hedge funds have recently modified their holdings of NSA. Advisors Asset Management Inc. acquired a new stake in National Storage Affiliates Trust in the first quarter valued at about $32,000. Farther Finance Advisors LLC boosted 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 purchasing an additional 635 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of National Storage Affiliates Trust by 71.9% in the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 379 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $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.