National Storage Affiliates Trust (NYSE:NSA) Share Price Passes Above 50 Day Moving Average – What’s Next?

National Storage Affiliates Trust (NYSE:NSA) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $43.32 and traded as high as $45.75. National Storage Affiliates Trust shares last traded at $45.4050, with a volume of 949,128 shares.

Wall Street Analyst Weigh In

NSA has been the subject of several analyst reports. Barclays increased their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Truist Financial raised their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, UBS Group lifted their price objective on National Storage Affiliates Trust from $29.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Thirteen equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average target price of $37.06.

National Storage Affiliates Trust Stock Performance

The business’s 50-day moving average is $43.32 and its 200-day moving average is $36.93. The company has a market capitalization of $3.51 billion, a PE ratio of 60.54 and a beta of 1.05. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The firm had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.28 dividend on an annualized basis and a yield of 5.0%. National Storage Affiliates Trust’s payout ratio is currently 304.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State of Michigan Retirement System grew its stake in shares of National Storage Affiliates Trust by 1.8% in the 1st quarter. State of Michigan Retirement System now owns 17,001 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 300 shares during the period. Rockefeller Capital Management L.P. grew its position in National Storage Affiliates Trust by 2.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 13,686 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 336 shares during the period. California State Teachers Retirement System increased its stake in National Storage Affiliates Trust by 0.6% during the second quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock worth $2,132,000 after acquiring an additional 392 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in National Storage Affiliates Trust by 2.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,503 shares of the real estate investment trust’s stock worth $547,000 after acquiring an additional 400 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 424 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.