National Storage Affiliates Trust (NYSE:NSA) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a sell rating in a report published on Saturday.

NSA has been the topic of several other reports. National Bankshares set a $32.00 price target on shares of National Storage Affiliates Trust in a research note on Friday, December 5th. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Truist Financial cut their price target on shares of National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, December 17th. UBS Group decreased their price objective on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average price target of $33.09.

National Storage Affiliates Trust Stock Down 0.1%

National Storage Affiliates Trust stock opened at $28.03 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $2.16 billion, a P/E ratio of 45.96 and a beta of 1.19. The stock’s fifty day simple moving average is $29.88 and its 200-day simple moving average is $30.91. National Storage Affiliates Trust has a twelve month low of $27.79 and a twelve month high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The firm had revenue of $188.70 million for the quarter, compared to analysts’ expectations of $184.04 million. During the same quarter last year, the company earned $0.62 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is presently 373.77%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors have recently added to or reduced their stakes in NSA. Hudson Bay Capital Management LP purchased a new stake in National Storage Affiliates Trust during the 3rd quarter valued at approximately $33,082,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 63.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 38,991 shares of the real estate investment trust’s stock valued at $1,178,000 after purchasing an additional 15,203 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of National Storage Affiliates Trust by 7.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 159,580 shares of the real estate investment trust’s stock valued at $4,839,000 after purchasing an additional 11,633 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of National Storage Affiliates Trust during the third quarter worth approximately $8,090,000. Finally, Private Capital Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth $242,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a 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.