National Storage Affiliates Trust (NYSE:NSA) Receives $43.17 Consensus Target Price from Analysts

National Storage Affiliates Trust (NYSE:NSA) has been assigned an average recommendation of “Reduce” from the nine brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $43.17.

Several analysts have recently weighed in on NSA shares. Citigroup raised their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Jefferies Financial Group lifted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. 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 report on Wednesday, November 6th. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Finally, Barclays upped their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $38.84 on Thursday. 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 business’s fifty day moving average price is $43.32 and its two-hundred day moving average price is $43.61. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 22.71 and a beta of 1.01.

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

National Storage Affiliates Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.87%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC bought a new stake in shares of National Storage Affiliates Trust during the first quarter worth approximately $255,000. Wealth Enhancement Advisory Services LLC raised its position in shares of National Storage Affiliates Trust by 19.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,752 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 1,280 shares during the last quarter. Raymond James & Associates lifted its stake in shares of National Storage Affiliates Trust by 1.0% in the 2nd quarter. Raymond James & Associates now owns 272,630 shares of the real estate investment trust’s stock valued at $11,238,000 after purchasing an additional 2,666 shares during the period. Leeward Investments LLC MA boosted its position in shares of National Storage Affiliates Trust by 30.9% in the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock worth $17,095,000 after purchasing an additional 97,786 shares during the last quarter. Finally, Pasadena Private Wealth LLC grew its stake in shares of National Storage Affiliates Trust by 0.9% during the second 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 period. 99.97% of the stock is currently 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.