National Storage Affiliates Trust (NYSE:NSA) Upgraded to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a sell rating to a hold rating in a research report released on Friday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $38.00 price target on the real estate investment trust’s stock, down from their prior price target of $40.00.

A number of other equities analysts have also recently commented on the company. Barclays lifted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Evercore ISI increased their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Robert W. Baird lifted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group lifted their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $43.56.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $36.57 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50 day moving average price of $41.30 and a 200 day moving average price of $43.28. The stock has a market capitalization of $2.79 billion, a PE ratio of 21.39 and a beta of 1.03. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. National Storage Affiliates Trust’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 6.23%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 133.33%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several institutional investors have recently made changes to their positions in NSA. Wealth Enhancement Advisory Services LLC raised its holdings in National Storage Affiliates Trust by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 257 shares in the last quarter. SPC Financial Inc. increased its position in shares of National Storage Affiliates Trust by 4.8% in the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 300 shares during the period. US Bancorp DE raised its stake in National Storage Affiliates Trust by 13.3% in the third quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc lifted its position in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust during the third quarter worth about $25,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Company Profile

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.