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

Shares of National Storage Affiliates Trust (NYSE:NSA) reached a new 52-week high on Tuesday . The stock traded as high as $44.41 and last traded at $44.6470, with a volume of 16497 shares. The stock had previously closed at $43.62.

Wall Street Analysts Forecast Growth

NSA has been the topic of several recent analyst reports. Barclays lifted their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. UBS Group lifted their target price on National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. BNP Paribas Exane upgraded National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price on the stock in a report on Monday, March 16th. Finally, Citigroup lifted their target price on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Thirteen equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and a consensus price target of $35.97.

National Storage Affiliates Trust Trading Up 0.7%

The business has a 50-day simple moving average of $42.20 and a two-hundred day simple moving average of $35.68. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 60.67 and a beta of 1.05. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The firm had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.69 million. During the same period in the previous year, the company posted $0.54 EPS. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts forecast that National Storage Affiliates Trust will post 2.22 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.28 annualized dividend and a dividend yield of 5.0%. National Storage Affiliates Trust’s dividend payout ratio is presently 304.00%.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently added to or reduced their stakes in NSA. Irenic Capital Management LP bought a new stake in National Storage Affiliates Trust during the third quarter worth $12,173,000. Citigroup Inc. raised its position in National Storage Affiliates Trust by 19.2% during the 3rd quarter. Citigroup Inc. now owns 253,962 shares of the real estate investment trust’s stock worth $7,675,000 after purchasing an additional 40,871 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in National Storage Affiliates Trust during the 3rd quarter worth $33,082,000. Lighthouse Investment Partners LLC bought a new position in National Storage Affiliates Trust during the 3rd quarter worth $9,293,000. Finally, Exchange Traded Concepts LLC raised its position in National Storage Affiliates Trust by 664.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 185,423 shares of the real estate investment trust’s stock worth $5,231,000 after purchasing an additional 161,179 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

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.