National Storage Affiliates Trust (NYSE:NSA) Hits New 1-Year Low – Should You Sell?

by · The Markets Daily

National Storage Affiliates Trust (NYSE:NSA – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $28.01 and last traded at $28.0080, with a volume of 81336 shares changing hands. The stock had previously closed at $28.40.

Analysts Set New Price Targets

Several research analysts recently weighed in on NSA shares. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Wednesday, October 8th. Mizuho lowered their price target on shares of National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Morgan Stanley raised shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $30.00 to $32.00 in a research note on Friday, December 5th. National Bankshares set a $32.00 target price on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Finally, Wall Street Zen upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Ten research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $33.09.

Get Our Latest Report on NSA

National Storage Affiliates Trust Stock Performance

The firm has a market capitalization of $2.17 billion, a PE ratio of 46.19 and a beta of 1.19. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. The company’s fifty day moving average price is $29.97 and its two-hundred day moving average price is $31.03.

National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The firm had revenue of $188.70 million during the quarter, compared to the consensus estimate of $184.04 million. During the same period in the previous year, the firm earned $0.62 earnings per share. National Storage Affiliates Trust’s revenue was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is presently 373.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Long Pond Capital LP purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth about $79,936,000. Balyasny Asset Management L.P. increased its position in shares of National Storage Affiliates Trust by 172.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after acquiring an additional 1,989,965 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at $33,082,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 723.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after acquiring an additional 937,939 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in National Storage Affiliates Trust by 159.2% during the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after purchasing an additional 714,840 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

(Get Free Report)

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.

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