Truist Financial Cuts National Storage Affiliates Trust (NYSE:NSA) Price Target to $30.00

National Storage Affiliates Trust (NYSE:NSA) had its price objective trimmed by Truist Financial from $32.00 to $30.00 in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

NSA has been the subject of several other research reports. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Wall Street Zen upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Morgan Stanley raised shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $30.00 to $32.00 in a research note on Friday, December 5th. Mizuho cut their price objective on shares of National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Finally, UBS Group decreased their target price on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Ten analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Stock Performance

NSA stock opened at $28.03 on Wednesday. The firm has a market cap of $2.16 billion, a PE ratio of 45.95 and a beta of 1.19. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. The stock has a 50-day moving average price of $29.93 and a 200-day moving average price of $30.99. National Storage Affiliates Trust has a 1-year low of $27.97 and a 1-year high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $188.70 million for the quarter, compared to analyst estimates of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

Institutional Trading of National Storage Affiliates Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. bought a new position in shares of National Storage Affiliates Trust in the first quarter valued at approximately $32,000. Farther Finance Advisors LLC raised its position in 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 buying an additional 635 shares during the last quarter. UMB Bank n.a. lifted its stake in National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 379 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in 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 worth $48,000 after acquiring an additional 821 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth $41,000. 99.97% of the stock is 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.