National Storage Affiliates Trust (NYSE:NSA) Given a $37.00 Price Target by Robert W. Baird Analysts
Robert W. Baird set a $37.00 price target on National Storage Affiliates Trust (NYSE:NSA) in a report released on Wednesday, August 21st, TipRanks reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.
A number of other analysts have also issued reports on NSA. Zacks Investment Research lowered National Storage Affiliates Trust from a buy rating to a hold rating in a report on Tuesday, July 30th. BMO Capital Markets set a $26.00 price target on National Storage Affiliates Trust and gave the company a hold rating in a report on Friday, August 2nd. Wells Fargo & Co boosted their price target on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an outperform rating in a report on Wednesday, August 21st. ValuEngine upgraded National Storage Affiliates Trust from a hold rating to a buy rating in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus started coverage on National Storage Affiliates Trust in a report on Monday, August 19th. They set a buy rating and a $36.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. National Storage Affiliates Trust has an average rating of Buy and a consensus target price of $32.86.
Shares of NYSE:NSA traded down $0.30 during trading hours on Wednesday, hitting $32.13. 246,283 shares of the company’s stock traded hands, compared to its average volume of 339,872. National Storage Affiliates Trust has a 1 year low of $24.44 and a 1 year high of $34.80. The business has a fifty day moving average price of $32.24 and a 200-day moving average price of $29.83. The firm has a market capitalization of $1.91 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 4.20 and a beta of 0.32. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.37 and a quick ratio of 0.37.
National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.57). The business had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $95.75 million. National Storage Affiliates Trust had a negative net margin of 1.41% and a negative return on equity of 0.41%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities analysts predict that National Storage Affiliates Trust will post 1.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, September 12th. National Storage Affiliates Trust’s payout ratio is presently 92.75%.
Several hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. increased its position in shares of National Storage Affiliates Trust by 21.6% during the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 335 shares in the last quarter. Arizona State Retirement System increased its position in shares of National Storage Affiliates Trust by 0.4% during the first quarter. Arizona State Retirement System now owns 87,467 shares of the real estate investment trust’s stock worth $2,494,000 after purchasing an additional 348 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of National Storage Affiliates Trust by 2.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,960 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 380 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of National Storage Affiliates Trust by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 21,909 shares of the real estate investment trust’s stock worth $625,000 after purchasing an additional 396 shares in the last quarter. Finally, Creative Planning increased its position in shares of National Storage Affiliates Trust by 4.0% during the first quarter. Creative Planning now owns 14,606 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 556 shares in the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.
National Storage Affiliates Trust Company Profile
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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