National Storage Affiliates Trust (NYSE:NSA) Reaches New 1-Year High at $34.87

National Storage Affiliates Trust (NYSE:NSA) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.87 and last traded at $34.69, with a volume of 1873 shares trading hands. The stock had previously closed at $34.52.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Co increased their price target on shares of National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. ValuEngine downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Robert W. Baird set a $37.00 price target on shares of National Storage Affiliates Trust and gave the company a “buy” rating in a report on Wednesday, August 21st. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus assumed coverage on shares of National Storage Affiliates Trust in a report on Monday, August 19th. They issued a “buy” rating and a $36.00 price target for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $34.00.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 0.37. The company’s fifty day simple moving average is $33.56 and its two-hundred day simple moving average is $30.79. The stock has a market capitalization of $2.04 billion, a PE ratio of 25.07, a P/E/G ratio of 4.41 and a beta of 0.32.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.57). National Storage Affiliates Trust had a negative net margin of 1.41% and a negative return on equity of 0.41%. The business had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $95.75 million. During the same quarter last year, the business posted $0.34 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. Sell-side analysts forecast that National Storage Affiliates Trust will post 1.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.28 annualized dividend and a yield of 3.70%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 92.75%.

A number of large investors have recently bought and sold shares of NSA. Marshall Wace North America L.P. increased its holdings in National Storage Affiliates Trust by 21.6% during the 1st quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 335 shares in the last quarter. Nordea Investment Management AB purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $4,473,000. FMR LLC purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $32,000. First Trust Advisors LP increased its holdings in National Storage Affiliates Trust by 625.5% during the 1st quarter. First Trust Advisors LP now owns 78,207 shares of the real estate investment trust’s stock valued at $2,230,000 after acquiring an additional 67,428 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in National Storage Affiliates Trust by 10.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 85,306 shares of the real estate investment trust’s stock valued at $2,431,000 after acquiring an additional 8,230 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

About National Storage Affiliates Trust (NYSE:NSA)

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 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

Recommended Story: Institutional Investors

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.