Zacks Investment Research upgraded shares of National Storage Affiliates Trust (NYSE:NSA) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. They currently have $33.00 target price on the real estate investment trust’s stock.
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. “
Separately, ValuEngine lowered shares of National Storage Affiliates Trust from a buy rating to a hold rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. National Storage Affiliates Trust presently has a consensus rating of Hold and a consensus price target of $30.33.
NSA opened at $29.57 on Wednesday. The stock has a market cap of $1.68 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42. National Storage Affiliates Trust has a twelve month low of $24.44 and a twelve month high of $32.28. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17.
National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Equities analysts predict that National Storage Affiliates Trust will post 1.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.33%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, June 13th. National Storage Affiliates Trust’s payout ratio is presently 86.96%.
Large investors have recently bought and sold shares of the business. Tompkins Financial Corp acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at about $29,000. FMR LLC acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at about $32,000. Quantamental Technologies LLC acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at about $44,000. Advisory Alpha LLC acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at about $45,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in National Storage Affiliates Trust by 1,700.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors own 92.20% 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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