National Storage Affiliates Trust (NYSE:NSA) Receives $36.60 Consensus Price Target from Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have earned an average rating of “Reduce” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $36.60.

NSA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price objective on the stock. KeyCorp upgraded shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price target on the stock in a report on Friday, January 5th. Truist Financial upped their price target on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, December 28th. StockNews.com upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd. Finally, Barclays initiated coverage on shares of National Storage Affiliates Trust in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price target on the stock.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds have recently modified their holdings of NSA. Balyasny Asset Management L.P. increased its holdings in shares of National Storage Affiliates Trust by 69.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock valued at $95,789,000 after acquiring an additional 950,171 shares in the last quarter. Norges Bank acquired a new position in National Storage Affiliates Trust in the 4th quarter worth approximately $33,132,000. State Street Corp increased its holdings in National Storage Affiliates Trust by 14.1% in the 1st quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock worth $304,029,000 after buying an additional 598,640 shares during the period. Wasatch Advisors LP increased its holdings in National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 5,455,292 shares of the real estate investment trust’s stock worth $226,231,000 after buying an additional 412,094 shares during the period. Finally, D. Scott Neal Inc. acquired a new position in National Storage Affiliates Trust in the 1st quarter worth approximately $9,020,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Down 1.5 %

Shares of NSA opened at $35.74 on Friday. The company’s fifty day moving average is $37.11 and its 200 day moving average is $35.77. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $42.54. The stock has a market capitalization of $2.86 billion, a PE ratio of 23.83 and a beta of 0.85. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 0.95.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 149.33%.

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.