ValuEngine Upgrades National Storage Affiliates Trust (NYSE:NSA) to Buy
ValuEngine upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a buy rating in a research note published on Tuesday, July 2nd, ValuEngine reports.
Separately, Zacks Investment Research upgraded shares of Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 price objective for the company in a research report on Wednesday, June 12th.
NYSE:NSA opened at $30.01 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.52 and a quick ratio of 0.52. The business’s fifty day moving average is $29.54. The firm has a market capitalization of $1.69 billion, a PE ratio of 21.75, a PEG ratio of 3.85 and a beta of 0.35. National Storage Affiliates Trust has a fifty-two week low of $24.44 and a fifty-two week 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 Zacks’ consensus estimate of $0.36 by ($0.28). The company had revenue of $90.57 million for the quarter, compared to analyst estimates of $93.25 million. National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The business’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. Equities research analysts predict that National Storage Affiliates Trust will post 1.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.27%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, June 13th. National Storage Affiliates Trust’s dividend payout ratio is 92.75%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Moseley Investment Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 5.7% in the second quarter. Moseley Investment Management Inc. now owns 39,997 shares of the real estate investment trust’s stock valued at $1,158,000 after purchasing an additional 2,139 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of National Storage Affiliates Trust by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,309 shares of the real estate investment trust’s stock valued at $646,000 after purchasing an additional 400 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 89.3% in the second quarter. Nisa Investment Advisors LLC now owns 7,856 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 3,706 shares during the period. Exane Derivatives boosted its stake in shares of National Storage Affiliates Trust by 26.2% in the second quarter. Exane Derivatives now owns 6,808 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 1,412 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 10.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 85,306 shares of the real estate investment trust’s stock valued at $2,431,000 after purchasing an additional 8,230 shares during the period. Institutional investors and hedge funds own 91.80% of the company’s stock.
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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