National Storage Affiliates Trust (NYSE:NSA) Sets New 1-Year High – What’s Next?

National Storage Affiliates Trust (NYSE:NSA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $44.41 and last traded at $44.6470, with a volume of 16497 shares. The stock had previously closed at $43.62.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Barclays boosted their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Citigroup boosted their price objective on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, BNP Paribas Exane upgraded National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective on the stock in a report on Monday, March 16th. Thirteen investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $35.97.

National Storage Affiliates Trust Trading Up 3.0%

The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50 day simple moving average of $41.87 and a two-hundred day simple moving average of $35.44. The company has a market cap of $3.47 billion, a PE ratio of 59.85 and a beta of 1.05.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share 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 business had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $181.69 million. During the same period last year, the firm earned $0.54 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts forecast that National Storage Affiliates Trust will post 2.22 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, June 15th. National Storage Affiliates Trust’s payout ratio is 304.00%.

Hedge Funds Weigh In On National Storage Affiliates Trust

Several institutional investors and hedge funds have recently bought and sold shares of NSA. Royal Bank of Canada grew its stake in National Storage Affiliates Trust by 0.8% during the 1st quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock valued at $4,345,000 after acquiring an additional 898 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at approximately $32,000. Jones Financial Companies Lllp grew its stake in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of National Storage Affiliates Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock valued at $3,637,000 after buying an additional 27,546 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of National Storage Affiliates Trust by 2.0% in the 1st quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock valued at $2,420,000 after buying an additional 1,209 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

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.