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

Shares of National Storage Affiliates Trust (NYSE:NSA) have received an average rating of “Reduce” from the nine research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $43.06.

NSA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company boosted their price objective 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 increased their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Barclays reduced their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in shares of National Storage Affiliates Trust by 2.5% in the fourth quarter. Amalgamated Bank now owns 33,356 shares of the real estate investment trust’s stock worth $1,265,000 after buying an additional 822 shares during the period. J. W. Coons Advisors LLC lifted its position in National Storage Affiliates Trust by 28.9% during the 4th quarter. J. W. Coons Advisors LLC now owns 9,021 shares of the real estate investment trust’s stock worth $342,000 after acquiring an additional 2,021 shares in the last quarter. Navellier & Associates Inc. boosted its holdings in National Storage Affiliates Trust by 29.4% in the 4th quarter. Navellier & Associates Inc. now owns 13,766 shares of the real estate investment trust’s stock worth $522,000 after acquiring an additional 3,128 shares during the period. Handelsbanken Fonder AB grew its position in National Storage Affiliates Trust by 9.2% in the fourth quarter. Handelsbanken Fonder AB now owns 25,016 shares of the real estate investment trust’s stock valued at $948,000 after acquiring an additional 2,100 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 39.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after purchasing an additional 315,474 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Down 1.0 %

NSA opened at $36.74 on Friday. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month high of $49.44. The business has a 50-day moving average of $39.03 and a two-hundred day moving average of $42.67. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.49 and a beta of 1.03.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.21%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

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.