Separately, Zacks Investment Research lowered shares of National Storage Affiliates Trust from a buy rating to a hold rating in a research report on Tuesday, December 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $29.57.
NSA traded down $0.02 during trading on Friday, reaching $28.33. 293,502 shares of the company’s stock were exchanged, compared to its average volume of 304,438. National Storage Affiliates Trust has a 1 year low of $24.44 and a 1 year high of $32.28. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.61 billion, a PE ratio of 20.53, a P/E/G ratio of 3.60 and a beta of 0.46.
National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, February 25th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.51). National Storage Affiliates Trust had a return on equity of 0.98% and a net margin of 3.48%. The business had revenue of $89.30 million for the quarter, compared to analysts’ expectations of $91.12 million. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, analysts predict that National Storage Affiliates Trust will post 1.5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.24%. National Storage Affiliates Trust’s payout ratio is 86.96%.
Several hedge funds and other institutional investors have recently modified their holdings of NSA. BlackRock Inc. grew its stake in shares of National Storage Affiliates Trust by 11.8% during the 3rd quarter. BlackRock Inc. now owns 10,268,524 shares of the real estate investment trust’s stock worth $261,231,000 after purchasing an additional 1,080,373 shares during the period. Vanguard Group Inc. grew its stake in shares of National Storage Affiliates Trust by 12.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,280,853 shares of the real estate investment trust’s stock worth $159,785,000 after purchasing an additional 717,116 shares during the period. Vanguard Group Inc grew its stake in National Storage Affiliates Trust by 12.9% in the 3rd quarter. Vanguard Group Inc now owns 6,280,853 shares of the real estate investment trust’s stock valued at $159,785,000 after acquiring an additional 717,116 shares during the period. WINTON GROUP Ltd grew its stake in National Storage Affiliates Trust by 2,555.6% in the 4th quarter. WINTON GROUP Ltd now owns 699,430 shares of the real estate investment trust’s stock valued at $18,507,000 after acquiring an additional 673,092 shares during the period. Finally, Marshall Wace LLP acquired a new stake in National Storage Affiliates Trust in the 3rd quarter valued at $12,879,000. 92.89% of the stock is currently owned by institutional investors and hedge funds.
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 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.
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