Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $33.64

National Storage Affiliates Trust (NYSE:NSA) has received a consensus recommendation of “Reduce” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $33.6364.

Several research firms have recently weighed in on NSA. Evercore ISI upped their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a report on Monday, September 15th. Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday. BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an “underperform” rating and a $33.00 price objective on the stock. Finally, BNP Paribas raised shares of National Storage Affiliates Trust to a “strong sell” rating in a report on Tuesday, June 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its stake in National Storage Affiliates Trust by 7.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 413 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in National Storage Affiliates Trust by 7.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 172,252 shares of the real estate investment trust’s stock worth $6,787,000 after acquiring an additional 11,879 shares during the last quarter. Hudson Edge Investment Partners Inc. bought a new position in National Storage Affiliates Trust during the 1st quarter worth approximately $687,000. M&T Bank Corp boosted its stake in National Storage Affiliates Trust by 50.1% during the 1st quarter. M&T Bank Corp now owns 20,112 shares of the real estate investment trust’s stock worth $792,000 after acquiring an additional 6,710 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in National Storage Affiliates Trust during the 1st quarter worth approximately $805,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $30.15 on Wednesday. The company has a 50-day moving average of $30.89 and a 200-day moving average of $33.07. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 48.63 and a beta of 1.08. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $46.07. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The business had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.National Storage Affiliates Trust’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.6%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 367.74%.

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.