Zacks Investment Research lowered shares of National Storage Affiliates Trust (NYSE:NSA) from a buy rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.
According to Zacks, “National Storage Affiliates Trust is a real estate investment trust. The company is focused on the ownership, operation and acquisition of self-storage properties primarily in the United States. National Storage Affiliates Trust is based in Houston, United States. “
NSA has been the subject of a number of other research reports. 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. ValuEngine downgraded shares of National Storage Affiliates Trust from a buy rating to a hold rating in a report on Wednesday, September 4th. BMO Capital Markets reissued a hold rating and set a $26.00 price target on shares of National Storage Affiliates Trust in a research report on Thursday, October 31st. Robert W. Baird set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the company a buy rating in a research note on Wednesday, August 21st. Finally, Morgan Stanley lifted their price objective on shares of National Storage Affiliates Trust from $27.00 to $32.00 and gave the company an equal weight rating in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $33.83.
Shares of NYSE NSA traded down $0.19 during mid-day trading on Tuesday, hitting $34.24. The stock had a trading volume of 430,514 shares, compared to its average volume of 368,148. The firm has a market cap of $2.03 billion, a PE ratio of 24.81, a PEG ratio of 4.29 and a beta of 0.30. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day moving average of $33.62 and a two-hundred day moving average of $31.90. National Storage Affiliates Trust has a twelve month low of $25.11 and a twelve month high of $35.76.
National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.59). The firm had revenue of $101.34 million for the quarter, compared to analyst estimates of $100.49 million. National Storage Affiliates Trust had a negative return on equity of 1.45% and a negative net margin of 4.87%. The business’s revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Equities research analysts predict that National Storage Affiliates Trust will post 1.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 3.86%. National Storage Affiliates Trust’s dividend payout ratio is 92.75%.
Several institutional investors have recently bought and sold shares of the company. Cutler Group LP acquired a new position in National Storage Affiliates Trust during the third quarter worth $26,000. FMR LLC acquired a new position in shares of National Storage Affiliates Trust during the 1st quarter worth about $32,000. Marshall Wace North America L.P. raised its position in shares of National Storage Affiliates Trust by 21.6% during the 1st 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 during the last quarter. Pearl River Capital LLC raised its position in shares of National Storage Affiliates Trust by 337.4% during the 2nd quarter. Pearl River Capital LLC now owns 2,642 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in National Storage Affiliates Trust by 35.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 5,157 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,344 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
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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