National Storage Affiliates Trust (NYSE:NSA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a report published on Saturday morning.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird reduced their target price on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Truist Financial reduced their target price on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, August 25th. UBS Group reduced their target price on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Finally, Evercore ISI increased their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a report on Monday, September 15th. Seven investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $33.64.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $30.73 on Friday. The company’s 50 day simple moving average is $30.91 and its 200-day simple moving average is $32.94. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 49.56 and a beta of 1.08. National Storage Affiliates Trust has a 1 year low of $28.02 and a 1 year high of $46.07. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The company had revenue of $188.84 million during the quarter, compared to analysts’ expectations of $185.91 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. National Storage Affiliates Trust’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.4%. National Storage Affiliates Trust’s dividend payout ratio is currently 367.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. grew its position 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 valued at $100,670,000 after buying an additional 1,989,965 shares during the last quarter. Long Pond Capital LP purchased a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $79,936,000. Prudential Financial Inc. grew its position in shares of National Storage Affiliates Trust by 50.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after buying an additional 696,067 shares during the last quarter. Jennison Associates LLC grew its position in shares of National Storage Affiliates Trust by 38.5% in the 2nd quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock valued at $47,510,000 after buying an additional 413,173 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of National Storage Affiliates Trust by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,435,046 shares of the real estate investment trust’s stock valued at $45,912,000 after buying an additional 12,737 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.