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

Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $36.60.

Several analysts recently issued reports 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 research report on Friday, January 5th. Truist Financial increased 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 research report on Thursday, December 28th. StockNews.com upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 23rd. Deutsche Bank Aktiengesellschaft assumed 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 target on the stock. Finally, Barclays assumed coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target on the stock.

National Storage Affiliates Trust Stock Down 1.6 %

Shares of NSA opened at $35.26 on Friday. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $42.54. The firm’s 50 day moving average is $37.07 and its 200-day moving average is $35.80. The stock has a market capitalization of $2.82 billion, a PE ratio of 23.84 and a beta of 0.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.35%. National Storage Affiliates Trust’s dividend payout ratio is currently 149.33%.

Institutional Trading of National Storage Affiliates Trust

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC boosted its position in National Storage Affiliates Trust by 1,071.9% in the first quarter. Advisory Services Network LLC now owns 668 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 611 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of National Storage Affiliates Trust during the first quarter worth $48,000. Allworth Financial LP lifted its holdings in shares of National Storage Affiliates Trust by 83.6% during the third quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 377 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of National Storage Affiliates Trust by 149.8% during the third quarter. Sound Income Strategies LLC now owns 999 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 599 shares during the period. Finally, KBC Group NV acquired a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $45,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

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.