National Storage Affiliates Trust (NYSE:NSA) Receives Average Rating of “Reduce” from Brokerages

National Storage Affiliates Trust (NYSE:NSA) has been assigned an average rating of “Reduce” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.30.

A number of equities analysts have weighed in on NSA shares. Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research report on Thursday, February 5th. Zacks Research upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Thursday, January 22nd. UBS Group cut their price objective on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Morgan Stanley upgraded National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $30.00 to $32.00 in a research report on Friday, December 5th.

National Storage Affiliates Trust Stock Up 1.2%

Shares of NSA opened at $33.46 on Tuesday. The firm has a market cap of $2.57 billion, a P/E ratio of 54.85 and a beta of 1.19. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $40.62. The stock’s 50 day moving average is $30.72 and its two-hundred day moving average is $30.60. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.57 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.8%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 373.77%.

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently bought and sold shares of NSA. Farther Finance Advisors LLC raised its holdings in National Storage Affiliates Trust by 339.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the first quarter valued at approximately $32,000. UMB Bank n.a. increased its holdings in shares of National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 975 shares during the last quarter. Jones Financial Companies Lllp lifted its position in National Storage Affiliates Trust by 81.8% during the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 586 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in National Storage Affiliates Trust during the third quarter worth approximately $41,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.