National Storage Affiliates Trust (NYSE:NSA) Given New $39.00 Price Target at Robert W. Baird

National Storage Affiliates Trust (NYSE:NSA) had its price objective cut by Robert W. Baird from $42.00 to $39.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Finally, Barclays dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.06.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $36.57 on Thursday. The firm has a 50 day simple moving average of $37.51 and a 200-day simple moving average of $41.71. 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 firm has a market cap of $2.79 billion, a PE ratio of 21.38 and a beta of 1.07. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.24%. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.20% of the stock is owned by insiders.

Institutional Investors Weigh In On National Storage Affiliates Trust

Institutional investors have recently bought and sold shares of the business. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at $29,000. Versant Capital Management Inc boosted its stake in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at $28,000. Finally, Quarry LP boosted its stake in shares of National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 756 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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.