National Storage Affiliates Trust (NYSE:NSA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

NSA has been the subject of several other reports. Mizuho upped their target price on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. UBS Group lowered their price objective on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Thursday, January 22nd. Truist Financial upped their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Finally, Barclays set a $33.00 price objective on shares of National Storage Affiliates Trust in a research note on Tuesday, January 13th. Ten analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $32.30.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $33.46 on Friday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $2.57 billion, a PE ratio of 54.85 and a beta of 1.19. The company has a 50 day moving average price of $30.80 and a 200-day moving average price of $30.63. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $40.62.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.8%. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of large investors have recently made changes to their positions in the business. Peak Financial Advisors LLC boosted its position in shares of National Storage Affiliates Trust by 3.0% in the 3rd quarter. Peak Financial Advisors LLC now owns 13,272 shares of the real estate investment trust’s stock worth $401,000 after purchasing an additional 382 shares in the last quarter. California State Teachers Retirement System raised its stake in National Storage Affiliates Trust by 0.6% in the second quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock valued at $2,132,000 after buying an additional 392 shares during the last quarter. Parallel Advisors LLC boosted its holdings in National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 424 shares in the last quarter. IFP Advisors Inc boosted its holdings in National Storage Affiliates Trust by 12.7% in the fourth quarter. IFP Advisors Inc now owns 4,531 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 511 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of National Storage Affiliates Trust by 33.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,131 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 539 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

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.