As of Wednesday close, National Storage Affiliates Trust’s (NYSE:NSA) stock was up $0.29, moving up 0.90 percent to $32.49. The average number of shares traded per day over the past five days has been 1,083,420 shares. 4 times new highs have been achieved over the past 5 days, with a $0.41 gain in that time frame. In the last twenty days, the average volume was 949,235, while in the previous 50 days, it was 889,474.
Since last month, NSA stock retreated -7.62%. Shares of the company fell to $30.91 on 08/08/23, the lowest level in the past month. A 52-week high of $58.05 was reached on 03/03/23 after having rallying from a 52-week low of $30.91. Since the beginning of this year, NSA’s stock price has dropped by -10.05% or -$3.63, and marked a new high 17 times. However, the stock has declined by -44.03% since its 52-week high.
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NSA stock investors should be aware that National Storage Affiliates Trust (NSA) stock had its last reported insider trading activity 83 days ago on May 26. Nordhagen Arlen Dale, the Vice Chair of the company, purchased of 25,000 shares for $36.92 on May 26. It resulted in a $923,000 investment by the insider. Nordhagen Arlen Dale added 21,500 shares at an average price of $36.77 on Dec 16. The insider now owns 4,086,351 shares following the transaction. On Dec 16, Executive Chairman Nordhagen Arlen Dale bought 12,000 shares at $36.73 apiece. The transaction was valued at $440,760.
Valuation Metrics
Right now, National Storage Affiliates Trust (NSA) has a P/E ratio of about 30.25. The stock’s beta is 0.73. Besides these, the trailing price-to-sales (P/S) ratio of 3.40, the price-to-book (PB) ratio of 2.23, and the price-to-cash flow ratio of 52.85 may also be considered.
The latest dividend of $0.56 per share was paid out, which is 1.82% more than last year’s $0.55. On Thursday May 25 2023, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.83, and the total debt-to-equity ratio was 2.83. In the year ended June 29, operating margins totaled 37.20%. Based on annual data, NSA earned $289.54 million in gross profit and brought in $801.57 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.70%. Return on equity (ROE) for the past 12 months was 7.00%.
In National Storage Affiliates Trust’s quarter-end financial report for June 29, it reported total debt of $3.64 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NSA’s revenue rose 7.71% to $207.99 million during the quarter, while net income inched up to $215.51 million. While analysts expected National Storage Affiliates Trust to report $0.32 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by -12.50%. During the quarter, the company generated $142.29 million in EBITDA. The value of shareholders’ equity is $89.24 million.
Technical Picture
This quick technical analysis looks at National Storage Affiliates Trust’s (NSA) price momentum. With a historical volatility rate of 31.25%, the RSI 9-day stood at 40.47% on 16 August.
With respect to its five-day moving average, the current National Storage Affiliates Trust price is up by +1.28% percent or $0.41. At present, NSA shares trade -7.91% below its 20-day simple moving average and -16.07% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.52% below its SMA50 and -21.46% below its SMA200.
Stochastic coefficient K was 37.21% and Stochastic coefficient D was 34.12%, while ATR was 0.86. Given the Stochastic reading of 47.23% for the 14-day period, the RSI (14) reading has been calculated as 38.88%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.50.
Analyst Ratings
National Storage Affiliates Trust downgraded its rating on National Storage Affiliates Trust (NYSE: NSA) to a Hold in a note to investors on August 08, 2023. The analysts firm previously had a Buy rating on the stock.National Storage Affiliates Trust (NSA) has been rated Hold by analysts. According to 2 brokerage firms, NSA is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate National Storage Affiliates Trust stock as buy, with 1 recommending it as overweight.
With a median target price of $38.00, the current consensus forecast for the stock is $34.00 – $42.00. Based on these forecasts, analysts predict National Storage Affiliates Trust (NSA) will achieve an average price target of $37.64.
