National Storage Affiliates Trust (NSA) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of National Storage Affiliates Trust (NYSE: NSA) in the last few weeks:

• 8/30/2024 – National Storage Affiliates Trust had its price target raised by analysts at Citigroup Inc. from $36.00 to $44.50. They now have a “neutral” rating on the stock.
• 8/28/2024 – National Storage Affiliates Trust had its price target raised by analysts at Evercore ISI from $38.00 to $40.00. They now have an “underperform” rating on the stock.
• 8/22/2024 – National Storage Affiliates Trust had its price target raised by analysts at Barclays PLC from $38.00 to $45.00. They now have an “equal weight” rating on the stock.
• 8/16/2024 – National Storage Affiliates Trust had its price target raised by analysts at Truist Financial Co. from $38.00 to $41.00. They now have a “hold” rating on the stock.
• 8/6/2024 – National Storage Affiliates Trust had its price target raised by analysts at Robert W. Baird from $37.00 to $39.00. They now have a “neutral” rating on the stock.
• 7/26/2024 – National Storage Affiliates Trust had its price target raised by analysts at Wells Fargo & Company from $36.00 to $40.00. They now have an “underweight” rating on the stock.
• 7/15/2024 – National Storage Affiliates Trust had its price target raised by analysts at Evercore ISI from $36.00 to $40.00. They now have an “underperform” rating on the stock.

National Storage Affiliates Trust Price Performance

NYSE NSA opened at $45.97 on Friday. The stock’s fifty day moving average price is $43.34 and its 200 day moving average price is $39.50. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $47.42. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 24.07 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $186.37 million. During the same quarter in the previous year, the company earned $0.68 EPS. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.39 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 4.87%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 117.28%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SPC Financial Inc. grew its stake in shares of National Storage Affiliates Trust by 4.8% in the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 300 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in National Storage Affiliates Trust in the second quarter worth approximately $33,000. Creative Planning increased its stake in National Storage Affiliates Trust by 42.5% during the second quarter. Creative Planning now owns 8,251 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 2,462 shares during the last quarter. Long Pond Capital LP acquired a new stake in shares of National Storage Affiliates Trust during the second quarter worth about $16,198,000. Finally, Millennium Management LLC grew its holdings in shares of National Storage Affiliates Trust by 125.9% in the second quarter. Millennium Management LLC now owns 161,829 shares of the real estate investment trust’s stock valued at $6,671,000 after purchasing an additional 90,206 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

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.