National Storage Affiliates Trust (NYSE:NSA) Reaches New 12-Month Low – Should You Sell?

National Storage Affiliates Trust (NYSE:NSA)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $27.47 and last traded at $27.7450, with a volume of 754739 shares traded. The stock had previously closed at $27.53.

Analysts Set New Price Targets

A number of brokerages recently commented on NSA. Zacks Research upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Evercore ISI upped their price objective on National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research report on Monday, September 15th. KeyCorp reiterated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Truist Financial decreased their target price on National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Stock Performance

The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. The firm has a 50-day simple moving average of $29.54 and a 200 day simple moving average of $30.79. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 45.83 and a beta of 1.19.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The business had revenue of $188.70 million during the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The company’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 8.2%. National Storage Affiliates Trust’s payout ratio is currently 373.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NSA. Farther Finance Advisors LLC raised its holdings in National Storage Affiliates Trust by 339.6% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 635 shares in the last quarter. UMB Bank n.a. increased its position in National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 379 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $32,000. Jones Financial Companies Lllp lifted its holdings in shares of National Storage Affiliates Trust by 81.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 586 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of National Storage Affiliates Trust in the third quarter valued at approximately $41,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.