National Storage Affiliates Trust (NSA) Receives Consensus Recommendation of “Hold” from Analysts
National Storage Affiliates Trust (NYSE:NSA) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $29.80.
Several research firms have commented on NSA. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th.
Shares of NSA opened at $29.63 on Friday. The firm has a market cap of $1.68 billion, a PE ratio of 21.47, a P/E/G ratio of 3.81 and a beta of 0.45. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.52 and a current ratio of 0.52. National Storage Affiliates Trust has a 1-year low of $24.44 and a 1-year high of $32.28.
National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). The company had revenue of $90.57 million for the quarter, compared to analysts’ expectations of $93.25 million. National Storage Affiliates Trust had a net margin of 1.71% and a return on equity of 0.49%. National Storage Affiliates Trust’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. Sell-side analysts anticipate that National Storage Affiliates Trust will post 1.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.32%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, June 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 86.96%.
Large investors have recently bought and sold shares of the business. Tompkins Financial Corp acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth about $29,000. FMR LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth about $32,000. Quantamental Technologies LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth about $44,000. Advisory Alpha LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth about $45,000. Finally, NumerixS Investment Technologies Inc raised its position in shares of National Storage Affiliates Trust by 1,700.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,700 shares during the period. 92.20% of the stock is currently owned by institutional investors.
About National Storage Affiliates Trust
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. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.
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