National Storage Affiliates Trust (NYSE:NSA) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus recommendation of “Reduce” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $33.0909.

Several brokerages have recently commented on NSA. Mizuho reduced their price target on shares of National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Truist Financial reduced their target price on National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, December 17th. KeyCorp reiterated a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, National Bankshares set a $32.00 price objective on National Storage Affiliates Trust in a research note on Friday, December 5th.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $27.96 on Monday. National Storage Affiliates Trust has a 52 week low of $27.47 and a 52 week high of $40.62. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. The stock has a market cap of $2.15 billion, a P/E ratio of 45.83 and a beta of 1.19. The stock has a 50 day moving average of $29.54 and a 200-day moving average of $30.74.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $188.70 million for the quarter, compared to analysts’ expectations of $184.04 million. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 373.77%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Long Pond Capital LP bought a new position in National Storage Affiliates Trust in the second quarter worth about $79,936,000. Balyasny Asset Management L.P. lifted its holdings in shares of National Storage Affiliates Trust by 172.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after purchasing an additional 1,989,965 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in National Storage Affiliates Trust during the 3rd quarter valued at approximately $33,082,000. Schonfeld Strategic Advisors LLC boosted its position in National Storage Affiliates Trust by 723.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after purchasing an additional 937,939 shares during the period. Finally, Bank of America Corp DE grew its stake in National Storage Affiliates Trust by 159.2% during the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after buying an additional 714,840 shares during 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.