National Storage Affiliates Trust (NYSE:NSA) Given Average Recommendation of “Reduce” by Brokerages

Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus rating of “Reduce” from the fourteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and thirteen have issued a hold rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.9655.

Several equities research analysts have commented on NSA shares. Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Barclays boosted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. UBS Group upped their price target on shares of National Storage Affiliates Trust from $29.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Citigroup upped their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research note on Tuesday, May 12th.

National Storage Affiliates Trust Trading Up 0.0%

NSA opened at $44.45 on Monday. The stock has a market capitalization of $3.43 billion, a P/E ratio of 59.27 and a beta of 1.05. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $46.47. The firm’s fifty day simple moving average is $43.00 and its 200 day simple moving average is $36.45. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data 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 company had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.69 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.22 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.28 dividend on an annualized basis and a yield of 5.1%. National Storage Affiliates Trust’s dividend payout ratio is 304.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NSA. State of Michigan Retirement System boosted its position in shares of National Storage Affiliates Trust by 1.8% during the 1st quarter. State of Michigan Retirement System now owns 17,001 shares of the real estate investment trust’s stock worth $642,000 after acquiring an additional 300 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of National Storage Affiliates Trust by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,686 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 336 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of National Storage Affiliates Trust by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock worth $2,132,000 after acquiring an additional 392 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of National Storage Affiliates Trust by 2.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,503 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 400 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of National Storage Affiliates Trust by 42.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 424 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

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.