National Storage Affiliates Trust (NYSE:NSA) Receives Consensus Recommendation of “Buy” from Analysts
Shares of National Storage Affiliates Trust (NYSE:NSA) have earned an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $31.00.
A number of research firms have recently issued reports on NSA. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, June 12th. ValuEngine cut shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th.
Large investors have recently added to or reduced their stakes in the stock. Tompkins Financial Corp bought a new position in shares of National Storage Affiliates Trust in the first quarter valued at $29,000. FMR LLC bought a new position in National Storage Affiliates Trust during the first quarter worth $32,000. Quantamental Technologies LLC bought a new position in National Storage Affiliates Trust during the first quarter worth $44,000. Advisory Alpha LLC bought a new position in National Storage Affiliates Trust during the first quarter worth $45,000. Finally, NumerixS Investment Technologies Inc boosted its position in National Storage Affiliates Trust by 1,700.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,700 shares during the period. 91.99% of the stock is owned by institutional investors and hedge funds.
NYSE NSA opened at $29.26 on Tuesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.17. National Storage Affiliates Trust has a 12-month low of $24.44 and a 12-month high of $32.28. The firm has a market capitalization of $1.68 billion, a P/E ratio of 21.20, a PEG ratio of 3.83 and a beta of 0.41. The firm has a 50 day simple moving average of $29.81.
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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). National Storage Affiliates Trust had a net margin of 1.71% and a return on equity of 0.49%. The business had revenue of $90.57 million during the quarter, compared to analyst estimates of $93.25 million. During the same quarter last year, the business earned $0.32 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, sell-side analysts predict that National Storage Affiliates Trust will post 1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 4.37%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 92.75%.
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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