Barclays Cuts National Storage Affiliates Trust (NYSE:NSA) Price Target to $42.00

National Storage Affiliates Trust (NYSE:NSA) had its price target reduced by Barclays from $46.00 to $42.00 in a research note published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

Several other research analysts have also commented on NSA. Robert W. Baird boosted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group upped their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Evercore ISI upped their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company raised their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $43.06.

National Storage Affiliates Trust Stock Down 0.3 %

National Storage Affiliates Trust stock opened at $35.83 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.73 billion, a P/E ratio of 20.95 and a beta of 1.03. The business has a fifty day moving average of $40.91 and a two-hundred day moving average of $43.19. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. During the same quarter last year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. On average, analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.36%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth about $25,000. Versant Capital Management Inc raised its position in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in National Storage Affiliates Trust during the 3rd quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at $33,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust in the second quarter worth $39,000. 99.97% of the stock is owned by institutional investors and hedge funds.

About National Storage Affiliates Trust

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.