National Storage Affiliates Trust (NYSE:NSA) Given Consensus Recommendation of “Reduce” by Analysts

Shares of National Storage Affiliates Trust (NYSE:NSA) have earned a consensus recommendation of “Reduce” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and thirteen have given a hold rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $35.9655.

A number of equities analysts have recently weighed in on the stock. BNP Paribas Exane raised shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target on the stock in a research note on Monday, March 16th. Evercore upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 5th. Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, UBS Group upped their price objective on shares of National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, May 18th.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of NSA. Royal Bank of Canada boosted its holdings in National Storage Affiliates Trust by 0.8% in the first quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock worth $4,345,000 after purchasing an additional 898 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in National Storage Affiliates Trust during the first quarter valued at about $32,000. Jones Financial Companies Lllp boosted its holdings in National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 821 shares during the period. Goldman Sachs Group Inc. boosted its holdings in National Storage Affiliates Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock valued at $3,637,000 after acquiring an additional 27,546 shares during the period. Finally, Empowered Funds LLC boosted its holdings in National Storage Affiliates Trust by 2.0% during the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock valued at $2,420,000 after acquiring an additional 1,209 shares during the period. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Down 0.1%

NYSE NSA opened at $42.69 on Thursday. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $44.01. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $3.30 billion, a PE ratio of 56.91 and a beta of 1.07. The firm’s fifty day simple moving average is $40.82 and its 200-day simple moving average is $34.52.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The company had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.69 million. During the same period last year, the company posted $0.54 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.21 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.57 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.28 dividend on an annualized basis and a yield of 5.3%. National Storage Affiliates Trust’s dividend payout ratio is currently 304.00%.

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.