National Storage Affiliates Trust (NYSE:NSA) Receives $43.17 Average Price Target from Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA) have been given a consensus rating of “Reduce” by the nine analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $43.17.

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Wells Fargo & Company raised their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Robert W. Baird raised their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group raised their target price on shares of 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. Finally, Evercore ISI raised their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $41.12 on Thursday. 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 company has a market cap of $3.14 billion, a P/E ratio of 24.06 and a beta of 1.01. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The firm’s 50 day moving average is $43.58 and its two-hundred day moving average is $43.58.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.57 per share. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 5.54%. National Storage Affiliates Trust’s payout ratio is 133.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pasadena Private Wealth LLC increased its position in shares of National Storage Affiliates Trust by 0.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock worth $1,186,000 after purchasing an additional 255 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of National Storage Affiliates Trust by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 257 shares during the last quarter. SPC Financial Inc. increased its position in shares of National Storage Affiliates Trust by 4.8% in the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 300 shares during the last quarter. Clear Creek Financial Management LLC increased its position in shares of National Storage Affiliates Trust by 1.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock worth $928,000 after purchasing an additional 339 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of National Storage Affiliates Trust by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 354 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

About National Storage Affiliates Trust

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.