National Storage Affiliates Trust (NYSE:NSA) Given Consensus Rating of “Reduce” by Brokerages

National Storage Affiliates Trust (NYSE:NSA) has received a consensus recommendation of “Reduce” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $42.50.

NSA has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Citigroup boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. Truist Financial raised their price target on shares of 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. Barclays lifted their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI increased their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $46.90 on Friday. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $49.44. The stock has a market cap of $3.52 billion, a PE ratio of 24.55 and a beta of 0.98. The firm has a 50-day moving average of $45.38 and a 200-day moving average of $40.99. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. During the same quarter last year, the business earned $0.68 earnings per share. The company’s revenue was down 11.6% on a year-over-year basis. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.78%. National Storage Affiliates Trust’s dividend payout ratio is 117.28%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SPC Financial Inc. grew its position in National Storage Affiliates Trust by 4.8% in the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at approximately $33,000. Creative Planning increased its position in National Storage Affiliates Trust by 42.5% during the 2nd quarter. Creative Planning now owns 8,251 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 2,462 shares in the last quarter. Long Pond Capital LP bought a new position in National Storage Affiliates Trust in the 2nd quarter valued at approximately $16,198,000. Finally, Millennium Management LLC boosted its position in National Storage Affiliates Trust by 125.9% in the second quarter. Millennium Management LLC now owns 161,829 shares of the real estate investment trust’s stock valued at $6,671,000 after buying an additional 90,206 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.