Analysts Set National Storage Affiliates Trust (NYSE:NSA) Price Target at $35.97

National Storage Affiliates Trust (NYSE:NSA) has been assigned a consensus rating of “Reduce” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and thirteen have given a hold recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $35.9655.

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Citigroup boosted their price target on National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Barclays boosted their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, BNP Paribas Exane upgraded National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Monday, March 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System boosted its position in 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 valued at $642,000 after purchasing an additional 300 shares during the period. Rockefeller Capital Management L.P. boosted its position in 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 valued at $386,000 after purchasing an additional 336 shares during the period. California State Teachers Retirement System boosted its position in 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 valued at $2,132,000 after purchasing an additional 392 shares during the period. Oregon Public Employees Retirement Fund boosted its position in 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 valued at $547,000 after purchasing an additional 400 shares during the period. Finally, Parallel Advisors LLC boosted its position in 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 valued at $43,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $43.02 on Thursday. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $44.01. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 57.35 and a beta of 1.07. The business has a 50 day simple moving average of $41.12 and a 200-day simple moving average of $34.70.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $181.69 million. During the same quarter last year, the firm posted $0.54 earnings per share. National Storage Affiliates Trust’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.21 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, June 15th. National Storage Affiliates Trust’s payout ratio is 304.00%.

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.