National Storage Affiliates Trust (NYSE:NSA) Hits New 52-Week High at $46.17

National Storage Affiliates Trust (NYSE:NSA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $46.17 and last traded at $46.17, with a volume of 8689 shares. The stock had previously closed at $45.81.

Several equities analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of National Storage Affiliates Trust in a research note on Tuesday, March 9th. Zacks Investment Research downgraded National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, February 19th. Morgan Stanley increased their price objective on National Storage Affiliates Trust from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 18th. Truist Securities increased their price objective on National Storage Affiliates Trust from $36.00 to $40.00 in a report on Monday, March 22nd. Finally, Truist increased their price objective on National Storage Affiliates Trust from $36.00 to $40.00 in a report on Monday, March 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. National Storage Affiliates Trust currently has a consensus rating of “Buy” and a consensus price target of $41.43.

The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 99.27 and a beta of 0.38. The firm has a fifty day simple moving average of $42.69 and a 200-day simple moving average of $37.93.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, May 3rd. The real estate investment trust reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.26). The firm had revenue of $122.99 million for the quarter, compared to the consensus estimate of $118.50 million. National Storage Affiliates Trust had a return on equity of 3.72% and a net margin of 10.42%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. Analysts expect that National Storage Affiliates Trust will post 1.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, March 12th. National Storage Affiliates Trust’s payout ratio is 90.91%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC bought a new position in National Storage Affiliates Trust in the first quarter valued at about $32,000. Marshall Wace North America L.P. lifted its stake in National Storage Affiliates Trust by 21.6% in the 1st quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 335 shares during the last quarter. Van ECK Associates Corp lifted its stake in National Storage Affiliates Trust by 24.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,889 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 376 shares during the last quarter. Veriti Management LLC bought a new position in National Storage Affiliates Trust in the 4th quarter valued at approximately $74,000. Finally, Assetmark Inc. increased its position in National Storage Affiliates Trust by 5,917.0% in the 4th quarter. Assetmark Inc. now owns 2,828 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 2,781 shares during the period. Institutional investors own 86.29% of the company’s stock.

National Storage Affiliates Trust Company Profile (NYSE:NSA)

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

Read More: Net Margin

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