National Storage Affiliates Trust (NYSE:NSA – Get Rating) had its price target cut by Evercore ISI from $60.00 to $58.00 in a research note published on Monday, The Fly reports. They currently have 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 reduced their price objective on National Storage Affiliates Trust from $61.00 to $57.00 and set a hold rating for the company in a research report on Wednesday, June 1st. Jefferies Financial Group reduced their target price on National Storage Affiliates Trust from $78.00 to $58.00 and set a buy rating for the company in a report on Thursday, June 30th. Finally, Morgan Stanley reduced their target price on National Storage Affiliates Trust from $60.00 to $52.00 in a report on Wednesday, May 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $60.17.
Get National Storage Affiliates Trust alerts:National Storage Affiliates Trust Price Performance
Shares of NYSE NSA opened at $46.28 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $4.25 billion, a P/E ratio of 46.75, a P/E/G ratio of 2.04 and a beta of 0.64. The stock's 50-day simple moving average is $52.58 and its two-hundred day simple moving average is $54.58. National Storage Affiliates Trust has a twelve month low of $45.13 and a twelve month high of $70.04.
National Storage Affiliates Trust (NYSE:NSA – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.13). National Storage Affiliates Trust had a return on equity of 4.79% and a net margin of 14.91%. During the same period in the previous year, the firm posted $0.55 earnings per share. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.84 EPS for the current fiscal year.National Storage Affiliates Trust Dividend Announcement
The business also recently announced 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. The ex-dividend date is Wednesday, September 14th. This represents a $2.20 annualized dividend and a yield of 4.75%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 222.22%.
Hedge Funds Weigh In On National Storage Affiliates Trust
Several large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its position in shares of National Storage Affiliates Trust by 2.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,371 shares of the real estate investment trust's stock valued at $510,000 after acquiring an additional 171 shares in the last quarter. Cerity Partners LLC lifted its position in shares of National Storage Affiliates Trust by 1.0% in the second quarter. Cerity Partners LLC now owns 17,323 shares of the real estate investment trust's stock valued at $867,000 after acquiring an additional 177 shares in the last quarter. abrdn plc lifted its position in shares of National Storage Affiliates Trust by 1.1% in the second quarter. abrdn plc now owns 18,224 shares of the real estate investment trust's stock valued at $915,000 after acquiring an additional 199 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of National Storage Affiliates Trust by 5.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust's stock valued at $254,000 after acquiring an additional 205 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of National Storage Affiliates Trust by 0.9% in the first quarter. Arizona State Retirement System now owns 22,873 shares of the real estate investment trust's stock valued at $1,436,000 after acquiring an additional 206 shares in the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.
National Storage Affiliates Trust Company Profile
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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.
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