Barclays Issues Pessimistic Forecast for National Storage Affiliates Trust (NYSE:NSA) Stock Price

National Storage Affiliates Trust (NYSE:NSA) had its target price lowered by Barclays from $42.00 to $41.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.44.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $37.15 on Wednesday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $37.53 and a two-hundred day moving average price of $41.74. National Storage Affiliates Trust has a 52-week low of $34.59 and a 52-week high of $49.44. The firm has a market capitalization of $2.84 billion, a P/E ratio of 21.73 and a beta of 1.07.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.14%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is 200.00%.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in National Storage Affiliates Trust by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock valued at $369,979,000 after acquiring an additional 80,923 shares during the last quarter. Wasatch Advisors LP boosted its holdings in National Storage Affiliates Trust by 8.2% in the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock valued at $253,208,000 after acquiring an additional 506,398 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in National Storage Affiliates Trust by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust’s stock worth $96,600,000 after buying an additional 10,783 shares during the last quarter. Capital World Investors boosted its holdings in National Storage Affiliates Trust by 6.2% during the fourth quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust’s stock worth $73,604,000 after buying an additional 113,973 shares during the last quarter. Finally, FMR LLC boosted its holdings 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 buying an additional 358,449 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

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.