Brokerages Set National Storage Affiliates Trust (NYSE:NSA) Target Price at $38.60

National Storage Affiliates Trust (NYSE:NSA) has earned an average rating of “Reduce” from the fourteen analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and twelve have given a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $38.6018.

Several research firms have recently commented on NSA. Truist Financial raised their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Barclays raised their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. UBS Group boosted their target price on National Storage Affiliates Trust from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Citigroup raised their price target on National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st.

Institutional Trading of National Storage Affiliates Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Balyasny Asset Management L.P. grew its position in National Storage Affiliates Trust by 11.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,622,624 shares of the real estate investment trust’s stock worth $73,984,000 after buying an additional 273,095 shares during the period. Cohen & Steers Inc. lifted its position in shares of National Storage Affiliates Trust by 145.6% during the 4th quarter. Cohen & Steers Inc. now owns 2,161,651 shares of the real estate investment trust’s stock valued at $60,980,000 after acquiring an additional 1,281,337 shares during the period. Jennison Associates LLC boosted its stake in shares of National Storage Affiliates Trust by 30.6% during the 1st quarter. Jennison Associates LLC now owns 1,274,412 shares of the real estate investment trust’s stock worth $48,096,000 after acquiring an additional 298,602 shares in the last quarter. Rush Island Management LP purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $33,788,000. Finally, Bank of America Corp DE grew its holdings in shares of National Storage Affiliates Trust by 159.2% in the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after acquiring an additional 714,840 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $43.41 on Tuesday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $46.47. The firm has a 50-day simple moving average of $44.23 and a 200-day simple moving average of $40.02. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The company had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $181.69 million. During the same period in the prior year, the company earned $0.54 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.0336 per share. The ex-dividend date of this dividend was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is 304.00%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.