National Storage Affiliates Trust (NYSE:NSA) Shares Down 3.3% – What’s Next?

National Storage Affiliates Trust (NYSE:NSA)’s share price was down 3.3% during trading on Wednesday . The stock traded as low as $37.77 and last traded at $37.72. Approximately 280,104 shares were traded during trading, a decline of 52% from the average daily volume of 588,857 shares. The stock had previously closed at $39.00.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NSA. Barclays decreased their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price target for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $42.06.

National Storage Affiliates Trust Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm’s fifty day moving average is $37.88 and its 200 day moving average is $40.87. The company has a market cap of $2.92 billion, a PE ratio of 22.36 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. As a group, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 13.00% of the company’s stock.

Institutional Trading of National Storage Affiliates Trust

Several large investors have recently added to or reduced their stakes in NSA. Citigroup Inc. boosted its position in shares of National Storage Affiliates Trust by 238.9% during the 3rd quarter. Citigroup Inc. now owns 108,734 shares of the real estate investment trust’s stock valued at $5,241,000 after acquiring an additional 76,652 shares during the last quarter. FMR LLC raised its stake in National Storage Affiliates Trust by 27.5% during the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after purchasing an additional 358,449 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in National Storage Affiliates Trust by 385.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock valued at $20,300,000 after purchasing an additional 334,445 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at approximately $1,367,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of National Storage Affiliates Trust by 19.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 1,082 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Company Profile

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.