National Storage Affiliates Trust (NYSE:NSA) Earns Equal Weight Rating from Analysts at Barclays

Barclays initiated coverage on shares of National Storage Affiliates Trust (NYSE:NSA) in a research note released on Wednesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $39.00 target price on the real estate investment trust’s stock.

NSA has been the topic of several other reports. Evercore ISI reaffirmed an underperform rating and set a $35.00 price objective (up from $32.00) on shares of National Storage Affiliates Trust in a research note on Monday, December 11th. Wells Fargo & Company lifted their price objective on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an underweight rating in a research report on Tuesday, December 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They issued a sell rating and a $33.00 price objective for the company. KeyCorp raised National Storage Affiliates Trust from a sector weight rating to an overweight rating and set a $45.00 price target on the stock in a research note on Friday, January 5th. Finally, Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a hold rating in a report on Thursday, December 28th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust currently has an average rating of Hold and a consensus price target of $36.60.

National Storage Affiliates Trust Trading Up 0.6 %

Shares of NSA opened at $39.16 on Wednesday. The stock has a 50 day simple moving average of $37.16 and a 200-day simple moving average of $35.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The stock has a market cap of $3.13 billion, a PE ratio of 26.11 and a beta of 0.84. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $43.28.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.24 annualized dividend and a yield of 5.72%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 149.33%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its holdings in National Storage Affiliates Trust by 1,071.9% in the 1st quarter. Advisory Services Network LLC now owns 668 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 611 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at $48,000. Allworth Financial LP grew its holdings in National Storage Affiliates Trust by 83.6% during the 3rd quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 377 shares during the period. Sound Income Strategies LLC grew its stake in National Storage Affiliates Trust by 149.8% during the third quarter. Sound Income Strategies LLC now owns 999 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 599 shares during the period. Finally, KBC Group NV acquired a new stake in National Storage Affiliates Trust in the fourth quarter worth $45,000. Institutional investors own 99.97% of the company’s stock.

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.