National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Peak Financial Advisors LLC

Peak Financial Advisors LLC raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,688 shares of the real estate investment trust’s stock after acquiring an additional 360 shares during the period. Peak Financial Advisors LLC’s holdings in National Storage Affiliates Trust were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NSA. Fifth Third Bancorp lifted its position in shares of National Storage Affiliates Trust by 436.8% during the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 961 shares in the last quarter. SG Americas Securities LLC purchased a new position in National Storage Affiliates Trust in the 1st quarter valued at about $113,000. Metis Global Partners LLC acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at about $210,000. D.A. Davidson & CO. acquired a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $248,000. Finally, Quantbot Technologies LP purchased a new position in National Storage Affiliates Trust in the first quarter valued at about $238,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NSA stock traded up $1.13 during midday trading on Friday, hitting $43.25. The stock had a trading volume of 706,307 shares, compared to its average volume of 790,656. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $46.84. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 22.64 and a beta of 0.95. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.05. The stock has a 50-day simple moving average of $41.74 and a 200 day simple moving average of $38.56.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). The business had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 2.49 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend was Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Insider Activity at National Storage Affiliates Trust

In other news, Director Chad Leroy Meisinger bought 18,405 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $37.74 per share, with a total value of $694,604.70. Following the completion of the purchase, the director now owns 114,155 shares of the company’s stock, valued at $4,308,209.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on NSA. Evercore ISI boosted their price objective on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underperform” rating in a research report on Monday, July 15th. Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.89.

National Storage Affiliates Trust Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.