Analysts Set National Storage Affiliates Trust (NYSE:NSA) Target Price at $36.33

National Storage Affiliates Trust (NYSE:NSA) has received a consensus recommendation of “Reduce” from the ten brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $36.33.

A number of equities research analysts recently issued reports on NSA shares. Evercore ISI reissued an “underperform” rating and set a $35.00 price target (up previously from $32.00) on shares of National Storage Affiliates Trust in a research report on Monday, December 11th. Truist Financial increased their price target on National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, December 28th. Deutsche Bank Aktiengesellschaft started coverage on National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price target on the stock. Wells Fargo & Company increased their price target on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “underweight” rating in a research report on Tuesday, December 12th. Finally, KeyCorp raised 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 research report on Friday, January 5th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Fisher Asset Management LLC lifted its stake in shares of National Storage Affiliates Trust by 6.8% in the 4th quarter. Fisher Asset Management LLC now owns 9,478 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 600 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of National Storage Affiliates Trust by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock valued at $43,970,000 after acquiring an additional 181,644 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of National Storage Affiliates Trust by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,026 shares of the real estate investment trust’s stock valued at $2,117,000 after acquiring an additional 2,060 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at $2,468,000. Finally, Virtus ETF Advisers LLC lifted its stake in shares of National Storage Affiliates Trust by 7.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 6,178 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 417 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $37.13 on Wednesday. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 24.75 and a beta of 0.84. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $43.28. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The stock’s 50 day moving average is $37.06 and its 200-day moving average is $35.34.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 6.03%. The ex-dividend date is Thursday, March 14th. National Storage Affiliates Trust’s payout ratio is presently 149.33%.

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.