National Storage Affiliates Trust (NYSE:NSA) Sets New 52-Week Low – Should You Sell?

National Storage Affiliates Trust (NYSE:NSA) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $32.66 and last traded at $32.71, with a volume of 89235 shares changing hands. The stock had previously closed at $35.16.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NSA shares. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Barclays lowered their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Finally, Robert W. Baird cut their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.06.

National Storage Affiliates Trust Trading Down 5.2 %

The company has a market cap of $2.55 billion, a P/E ratio of 19.48 and a beta of 1.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The business has a 50 day moving average price of $37.93 and a 200-day moving average price of $40.63.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.84%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 200.00%.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock valued at $369,979,000 after acquiring an additional 80,923 shares during the period. Wasatch Advisors LP increased its holdings in shares of National Storage Affiliates Trust by 8.2% in the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock valued at $253,208,000 after purchasing an additional 506,398 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of National Storage Affiliates Trust by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust’s stock valued at $96,600,000 after purchasing an additional 10,783 shares during the period. Capital World Investors lifted its stake in shares of National Storage Affiliates Trust by 6.2% during the 4th quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust’s stock worth $73,604,000 after buying an additional 113,973 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of National Storage Affiliates Trust by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust’s stock worth $51,144,000 after buying an additional 15,468 shares during the period. 99.97% of the stock is currently owned by institutional investors.

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.