Robert W. Baird Raises National Storage Affiliates Trust (NYSE:NSA) Price Target to $39.00

National Storage Affiliates Trust (NYSE:NSA) had its price objective boosted by Robert W. Baird from $37.00 to $39.00 in a report published on Tuesday, Benzinga reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on NSA. Evercore ISI raised their price objective on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underperform rating in a report on Monday, July 15th. Wells Fargo & Company raised their price objective on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an underweight rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $37.89.

National Storage Affiliates Trust Trading Up 1.6 %

NYSE:NSA traded up $0.68 during trading hours on Tuesday, hitting $42.80. 114,331 shares of the stock were exchanged, compared to its average volume of 786,788. The company’s 50 day moving average is $41.47 and its two-hundred day moving average is $38.49. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $46.84. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $3.21 billion, a P/E ratio of 22.06 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.68 EPS. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.49 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.23%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger acquired 18,405 shares of the stock in a transaction on Friday, June 7th. The shares were purchased at an average price of $37.74 per share, for a total transaction of $694,604.70. Following the completion of the acquisition, the director now owns 114,155 shares in the company, valued at approximately $4,308,209.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 13.00% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at $39,000. Fifth Third Bancorp increased its stake in National Storage Affiliates Trust by 436.8% in the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 961 shares during the period. Rothschild Investment LLC purchased a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $59,000. Signaturefd LLC grew its holdings in shares of National Storage Affiliates Trust by 48.1% during the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 661 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in National Storage Affiliates Trust in the first quarter worth $113,000. 99.97% of the stock is currently owned by institutional investors.

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.