Barclays Issues Positive Forecast for National Storage Affiliates Trust (NYSE:NSA) Stock Price

National Storage Affiliates Trust (NYSE:NSA) had its price objective hoisted by Barclays from $33.00 to $38.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on NSA. Truist Financial boosted their price target on National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating on the stock in a research note on Thursday, February 5th. UBS Group decreased their target price on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Mizuho raised their target price on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Finally, Wall Street Zen lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Ten analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $32.80.

National Storage Affiliates Trust Trading Down 0.9%

National Storage Affiliates Trust stock opened at $33.94 on Thursday. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $40.62. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.86. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 49.19 and a beta of 1.17. The firm has a 50-day moving average price of $32.36 and a two-hundred day moving average price of $31.04.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The company had revenue of $187.03 million for the quarter, compared to analysts’ expectations of $187.24 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 330.43%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several hedge funds have recently made changes to their positions in NSA. Advisors Asset Management Inc. acquired a new stake in National Storage Affiliates Trust during the first quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its holdings in shares of National Storage Affiliates Trust by 339.6% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 635 shares in the last quarter. UMB Bank n.a. lifted its position in shares of National Storage Affiliates Trust by 650.0% during the 4th quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 975 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth $41,000. 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.