National Storage Affiliates Trust (NYSE:NSA) finished Friday with an addition of $0.51 to close at $32.49, an upside of 1.59 percent. An average of 1,038,100 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 847,010 shares traded, while the 50-day average volume stands at 852,386.
NSA stock has decreased by -11.54% in the last month. The company shares reached their 1-month lowest point of $30.91 on 08/08/23. With the stock rallying to its 52-week high on 03/03/23, shares of the company touched a low of $30.91 and a high of $58.05 in 52 weeks. It has reached a new high 17 times so far this year and lost -10.05% or -$3.63 in price. In spite of this, the price is down -44.03% from the 52-week high.
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Valuation Metrics
National Storage Affiliates Trust (NSA) has a trailing price-to-earnings (P/E) ratio of 32.69. The stock’s beta is 0.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.67, the price-to-book (PB) ratio at 2.25.
The company has a payout ratio of 213.90%. The company’s most recent quarterly dividend payment was $0.56 a share, representing a up of 1.82% from $0.55 last year. Its latest increase dividend $0.01 reported on Thursday May 25 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 2.81 and a total debt to equity ratio of 2.81 for the quarter ending June 29. Its gross profit as reported stood at $289.54 million compared to revenue of $801.57 million.
Earnings Surprise
For the three-month period that ended June 29, National Storage Affiliates Trust had $3.64 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $24.33 million in the quarter, while revenues were grew 10.97%. The analyst consensus anticipated National Storage Affiliates Trust’s latest quarter earnings to come in at $0.32 per share, but it turned out to be $0.28, a -12.50% surprise. For the quarter, EBITDA amounted to $142.29 million. At the end of the quarter ending June 29, National Storage Affiliates Trust’s stock balance sheet showed total debt was $3.66 billion. Shareholders own equity worth $89.24 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at National Storage Affiliates Trust (NSA) price momentum. RSI 9-day as of the close on 11 August was 37.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.92%.
As of today, NSA’s price is $32.31 unch or $unch from its 5-day moving average. NSA is currently trading -11.21% lower than its 20-day SMA and -22.99% lower than its 100-day SMA. However, the stock’s current price level is -11.25% below the SMA50 and -17.01% below the SMA200.
The stochastic %K and %D were 29.15% and 26.12%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 37.35% and the average true range at 0.90, the RSI (14) stands at 37.27%. The stock has reached -0.57 on the 9-day MACD Oscillator while the 14-day reading was at -1.06.
Analyst Ratings
Stifel downgraded National Storage Affiliates Trust (NYSE: NSA) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for National Storage Affiliates Trust (NSA) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell NSA, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is NSA’s price target for the next 12 months?
Analysts predict a range of price targets between $34.00 and $48.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for National Storage Affiliates Trust (NSA) stock is $38.67.
