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

Shares of National Storage Affiliates Trust (NYSE:NSA) have been assigned a consensus rating of “Reduce” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $38.6018.

A number of equities analysts recently weighed in on NSA shares. UBS Group upped their target price on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Evercore set a $46.00 price target on shares of National Storage Affiliates Trust and gave the company a “cautious” rating in a report on Monday, July 6th. Barclays boosted their price target 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. Citigroup increased their price objective on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Truist Financial raised their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $32,000. UMB Bank n.a. increased its position in National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 975 shares during the last quarter. Parallel Advisors LLC increased its position in National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 424 shares during the last quarter. Jones Financial Companies Lllp raised its stake in National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in National Storage Affiliates Trust by 247.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,302 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $45.40 on Friday. The stock has a 50-day moving average price of $43.97 and a 200 day moving average price of $38.61. The stock has a market capitalization of $3.51 billion, a P/E ratio of 60.53 and a beta of 1.03. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $46.47. 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 results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The business had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts forecast that National Storage Affiliates Trust will post 2.22 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st will be paid a dividend of $0.0336 per share. The ex-dividend date of this dividend is Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is presently 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.