Wells Fargo & Company Cuts National Storage Affiliates Trust (NYSE:NSA) Price Target to $38.00

National Storage Affiliates Trust (NYSE:NSA) had its price objective trimmed by Wells Fargo & Company from $40.00 to $38.00 in a report issued on Friday,Benzinga reports. The firm currently has an underweight rating on the real estate investment trust’s stock.

NSA has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Barclays dropped their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Robert W. Baird raised their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus target price of $42.56.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $37.68 on Friday. The company’s 50 day moving average price is $37.49 and its two-hundred day moving average price is $42.18. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The firm has a market cap of $2.87 billion, a PE ratio of 22.03 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of NSA. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust in the third quarter worth $25,000. Versant Capital Management Inc lifted its position in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in National Storage Affiliates Trust in the fourth quarter worth about $28,000. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust in the third quarter worth about $29,000. Finally, Quarry LP raised its position in National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 756 shares during the period. 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 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.