National Storage Affiliates Trust (NYSE:NSA) Given Average Recommendation of “Hold” by Brokerages

National Storage Affiliates Trust (NYSE:NSAGet Rating) has been given an average recommendation of “Hold” by the twelve ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $47.89.

NSA has been the topic of several recent research reports. Robert W. Baird lowered National Storage Affiliates Trust from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $62.00 to $45.00 in a research report on Friday, December 2nd. BMO Capital Markets lowered National Storage Affiliates Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $48.00 to $42.00 in a research report on Tuesday, November 8th. Evercore ISI reduced their price target on National Storage Affiliates Trust from $58.00 to $56.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 27th. StockNews.com lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, December 3rd. Finally, Citigroup reduced their target price on National Storage Affiliates Trust from $56.50 to $41.00 in a report on Wednesday, December 14th.

National Storage Affiliates Trust Stock Down 0.2 %

NYSE:NSA opened at $37.80 on Friday. National Storage Affiliates Trust has a 12-month low of $34.90 and a 12-month high of $67.44. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $3.43 billion, a P/E ratio of 40.21, a P/E/G ratio of 1.81 and a beta of 0.67. The stock’s fifty day simple moving average is $37.83 and its 200-day simple moving average is $44.27.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were issued a $0.55 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.82%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 234.05%.

Insider Activity

In other news, Chairman Arlen Dale Nordhagen purchased 53,000 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were bought at an average cost of $37.88 per share, for a total transaction of $2,007,640.00. Following the completion of the acquisition, the chairman now directly owns 4,064,851 shares in the company, valued at approximately $153,976,555.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Arlen Dale Nordhagen bought 53,000 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average price of $37.88 per share, with a total value of $2,007,640.00. Following the completion of the transaction, the chairman now owns 4,064,851 shares in the company, valued at $153,976,555.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Chad Leroy Meisinger bought 30,000 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was bought at an average cost of $38.61 per share, for a total transaction of $1,158,300.00. Following the transaction, the director now owns 70,750 shares of the company’s stock, valued at approximately $2,731,657.50. The disclosure for this purchase can be found here. Insiders have bought a total of 120,752 shares of company stock worth $4,572,615 over the last three months. Corporate insiders own 11.80% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its position in National Storage Affiliates Trust by 4.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 18,503 shares of the real estate investment trust’s stock worth $668,000 after buying an additional 718 shares during the last quarter. Johnson & White Wealth Management LLC acquired a new position in National Storage Affiliates Trust during the fourth quarter worth approximately $1,006,000. Maryland State Retirement & Pension System acquired a new position in National Storage Affiliates Trust during the fourth quarter worth approximately $236,000. Wedge Capital Management L L P NC acquired a new position in National Storage Affiliates Trust during the fourth quarter worth approximately $8,478,000. Finally, Worth Asset Management LLC acquired a new position in National Storage Affiliates Trust during the fourth quarter worth approximately $114,000. Institutional investors and hedge funds own 85.26% of the company’s stock.

National Storage Affiliates Trust Company Profile

(Get Rating)

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.

Recommended Stories

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

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.