BMO Capital Markets assumed coverage on shares of National Storage Affiliates Trust (NYSE:NSA) in a report released on Friday morning, Marketbeat Ratings reports. The brokerage issued a market perform rating and a $26.00 target price on the real estate investment trust’s stock.
NSA has been the topic of several other research reports. Wells Fargo raised National Storage Affiliates Trust from a market perform rating to an outperform rating and set a $30.00 target price on the stock in a research report on Tuesday, December 19th. Citigroup assumed coverage on National Storage Affiliates Trust in a research report on Tuesday, February 13th. They set a neutral rating and a $24.00 target price on the stock. Jefferies Group set a $30.00 target price on National Storage Affiliates Trust and gave the company a buy rating in a research report on Monday, March 5th. Zacks Investment Research cut National Storage Affiliates Trust from a hold rating to a sell rating in a research report on Wednesday, January 24th. Finally, B. Riley set a $23.00 target price on National Storage Affiliates Trust and gave the company a hold rating in a research report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $26.25.
Shares of NYSE:NSA traded down $0.16 during mid-day trading on Friday, hitting $25.10. 384,370 shares of the company traded hands, compared to its average volume of 359,278. The stock has a market cap of $1,271.33, a price-to-earnings ratio of 20.21, a PEG ratio of 2.32 and a beta of 0.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.87. National Storage Affiliates Trust has a 12-month low of $21.17 and a 12-month high of $28.55.
National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, February 26th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.39). The company had revenue of $73.37 million for the quarter, compared to analysts’ expectations of $71.04 million. National Storage Affiliates Trust had a net margin of 1.10% and a return on equity of 0.30%. equities research analysts expect that National Storage Affiliates Trust will post 1.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were issued a dividend of $0.28 per share. The ex-dividend date was Wednesday, March 14th. This represents a $1.12 dividend on an annualized basis and a yield of 4.46%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 90.32%.
In related news, Director Mourick Mark Van sold 13,667 shares of National Storage Affiliates Trust stock in a transaction on Friday, March 16th. The stock was sold at an average price of $25.64, for a total transaction of $350,421.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 13.70% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its holdings in National Storage Affiliates Trust by 5.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,327,446 shares of the real estate investment trust’s stock worth $36,186,000 after acquiring an additional 71,928 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in National Storage Affiliates Trust during the third quarter worth $403,000. Anchor Capital Advisors LLC bought a new stake in National Storage Affiliates Trust during the fourth quarter worth $275,000. Goldman Sachs Group Inc. lifted its holdings in National Storage Affiliates Trust by 71.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 238,563 shares of the real estate investment trust’s stock worth $6,503,000 after acquiring an additional 99,551 shares during the period. Finally, Ellington Management Group LLC bought a new stake in National Storage Affiliates Trust during the fourth quarter worth $303,000. Institutional investors and hedge funds own 93.35% of the company’s stock.
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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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.
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