National Storage Affiliates Trust (NYSE:NSA – Get Rating) had its price objective lowered by Evercore ISI from $60.00 to $58.00 in a research report released on Monday morning, The Fly reports. Evercore ISI currently has an outperform rating on the real estate investment trust's stock.

NSA has been the subject of a number of other research reports. Truist Financial lowered their target price on National Storage Affiliates Trust from $61.00 to $57.00 and set a hold rating for the company in a research note on Wednesday, June 1st. Morgan Stanley lowered their target price on National Storage Affiliates Trust from $60.00 to $52.00 in a research note on Wednesday, May 25th. Finally, Jefferies Financial Group lowered their target price on National Storage Affiliates Trust from $78.00 to $58.00 and set a buy rating for the company in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $60.17.

National Storage Affiliates Trust Trading Down 1.8 %

NYSE NSA opened at $43.79 on Monday. National Storage Affiliates Trust has a fifty-two week low of $43.64 and a fifty-two week high of $70.04. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day simple moving average of $52.28 and a two-hundred day simple moving average of $54.32. The stock has a market cap of $4.02 billion, a P/E ratio of 44.23, a price-to-earnings-growth ratio of 1.96 and a beta of 0.64.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, September 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 222.22%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSA. Zimmer Partners LP bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth $40,056,000. State Street Corp increased its holdings in shares of National Storage Affiliates Trust by 14.1% in the 1st quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust's stock worth $304,029,000 after purchasing an additional 598,640 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth $26,076,000. Ranger Global Real Estate Advisors LLC increased its holdings in shares of National Storage Affiliates Trust by 683.1% in the 2nd quarter. Ranger Global Real Estate Advisors LLC now owns 565,223 shares of the real estate investment trust's stock worth $14,803,000 after purchasing an additional 493,043 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of National Storage Affiliates Trust by 53.8% in the 2nd quarter. Jennison Associates LLC now owns 1,324,556 shares of the real estate investment trust's stock worth $66,321,000 after purchasing an additional 463,539 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

About National Storage Affiliates Trust

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National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

Further Reading

• Get a free copy of the StockNews.com research report on National Storage Affiliates Trust (NSA)
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