National Storage Affiliates Trust (NYSE:NSA) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a buy rating in a report released on Tuesday, July 2nd, ValuEngine reports.
Separately, Zacks Investment Research raised shares of Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 target price on the stock in a report on Wednesday, June 12th.
Shares of National Storage Affiliates Trust stock traded down $0.09 on Tuesday, hitting $29.53. 376,729 shares of the company traded hands, compared to its average volume of 525,323. The company’s 50-day simple moving average is $29.45. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.68 billion, a P/E ratio of 21.40, a P/E/G ratio of 3.82 and a beta of 0.35. National Storage Affiliates Trust has a 12-month low of $24.44 and a 12-month high of $30.49.
National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. Research analysts forecast that National Storage Affiliates Trust will post 1.52 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, June 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 92.75%.
A number of institutional investors have recently made changes to their positions in NSA. BlackRock Inc. grew its holdings in National Storage Affiliates Trust by 2.0% in the 1st quarter. BlackRock Inc. now owns 10,656,928 shares of the real estate investment trust’s stock worth $303,829,000 after acquiring an additional 206,357 shares during the last quarter. Nordea Investment Management AB bought a new stake in National Storage Affiliates Trust in the 1st quarter worth $4,473,000. Avalon Advisors LLC bought a new stake in National Storage Affiliates Trust in the 4th quarter worth $3,140,000. Bessemer Group Inc. bought a new stake in National Storage Affiliates Trust in the 2nd quarter worth $3,288,000. Finally, Bank of Montreal Can grew its holdings in National Storage Affiliates Trust by 329.1% in the 1st quarter. Bank of Montreal Can now owns 145,544 shares of the real estate investment trust’s stock worth $4,150,000 after acquiring an additional 111,622 shares during the last quarter. 91.81% 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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