National Storage Affiliates Trust (NYSE:NSA) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of National Storage Affiliates Trust (NYSE:NSAGet Rating) from a hold rating to a sell rating in a research report released on Thursday morning.

NSA has been the topic of a number of other reports. Truist Financial dropped their target price on shares of National Storage Affiliates Trust from $61.00 to $57.00 and set a hold rating on the stock in a research report on Wednesday, June 1st. Evercore ISI dropped their target price on shares of National Storage Affiliates Trust from $60.00 to $58.00 and set an outperform rating on the stock in a research report on Monday. Morgan Stanley dropped their target price on shares of National Storage Affiliates Trust from $60.00 to $52.00 in a research report on Wednesday, May 25th. Finally, Jefferies Financial Group dropped their target price on shares of National Storage Affiliates Trust from $78.00 to $58.00 and set a buy rating on the stock in a research report on Thursday, June 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $60.17.

National Storage Affiliates Trust Trading Down 1.8 %

Shares of NYSE:NSA opened at $43.79 on Thursday. National Storage Affiliates Trust has a 52 week low of $43.64 and a 52 week high of $70.04. The company’s 50 day moving average is $52.28 and its two-hundred day moving average is $54.32. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.38. The company has a market cap of $4.02 billion, a PE ratio of 44.23, a P/E/G ratio of 1.96 and a beta of 0.64.

National Storage Affiliates Trust (NYSE:NSAGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). National Storage Affiliates Trust had a net margin of 14.91% and a return on equity of 4.79%. During the same quarter in the previous year, the company earned $0.55 earnings per share. Equities analysts predict that National Storage Affiliates Trust will post 2.84 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, September 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 222.22%.

Institutional Trading of National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of NSA. Quadrant Capital Group LLC boosted its stake in National Storage Affiliates Trust by 248.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 696 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 496 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth $41,000. Ahrens Investment Partners LLC acquired a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth $42,000. Point72 Hong Kong Ltd acquired a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth $48,000. Finally, US Bancorp DE lifted its stake in shares of National Storage Affiliates Trust by 163.3% in the 2nd quarter. US Bancorp DE now owns 1,177 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 730 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

National Storage Affiliates Trust Company Profile

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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.

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Analyst Recommendations for National Storage Affiliates Trust (NYSE:NSA)

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