Truist Financial Boosts National Storage Affiliates Trust (NYSE:NSA) Price Target to $41.00

National Storage Affiliates Trust (NYSE:NSA) had its target price lifted by Truist Financial from $38.00 to $41.00 in a research note published on Friday morning, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the company. Robert W. Baird lifted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a neutral rating in a research report on Tuesday, August 6th. Wells Fargo & Company boosted their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an underweight rating in a research note on Friday, July 26th. Finally, Evercore ISI boosted their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an underperform rating in a research note on Monday, July 15th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $38.33.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $42.88 on Friday. The company has a market cap of $3.21 billion, a P/E ratio of 22.45 and a beta of 0.95. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day moving average of $42.20 and a two-hundred day moving average of $38.72. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $46.84.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). The firm had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The business’s revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. As a group, analysts anticipate that National Storage Affiliates Trust will post 2.49 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Chad Leroy Meisinger bought 18,405 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were acquired at an average price of $37.74 per share, with a total value of $694,604.70. Following the completion of the acquisition, the director now owns 114,155 shares in the company, valued at approximately $4,308,209.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust during the second quarter worth $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust during the second quarter worth $39,000. Rothschild Investment LLC acquired a new position in National Storage Affiliates Trust during the second quarter worth $59,000. Signaturefd LLC grew its holdings in National Storage Affiliates Trust by 48.1% during the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 661 shares during the period. Finally, SG Americas Securities LLC acquired a new position in National Storage Affiliates Trust during the first quarter worth $113,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.