Hunter Perkins Capital Management LLC Trims Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Hunter Perkins Capital Management LLC lessened its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 11.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,825 shares of the real estate investment trust’s stock after selling 1,425 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NSA. SG Americas Securities LLC acquired a new position in National Storage Affiliates Trust in the first quarter worth about $113,000. Metis Global Partners LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter worth $210,000. Quantbot Technologies LP bought a new stake in National Storage Affiliates Trust during the first quarter valued at $238,000. SPC Financial Inc. raised its holdings in shares of National Storage Affiliates Trust by 6.9% during the first quarter. SPC Financial Inc. now owns 6,200 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 400 shares during the period. Finally, D.A. Davidson & CO. bought a new position in shares of National Storage Affiliates Trust in the 4th quarter worth about $248,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underweight” rating in a research report on Friday, July 26th. Evercore ISI increased their price target on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underperform” rating in a research report on Monday, July 15th. Truist Financial raised their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Friday. Finally, Robert W. Baird upped their price objective on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus price target of $38.33.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded up $0.14 during mid-day trading on Friday, hitting $42.88. 385,851 shares of the company’s stock traded hands, compared to its average volume of 781,774. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $46.84. The firm has a 50 day moving average price of $42.12 and a 200 day moving average price of $38.68. The company has a market cap of $3.21 billion, a PE ratio of 22.38 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.49 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

Insider Activity at National Storage Affiliates Trust

In other news, Director Chad Leroy Meisinger acquired 18,405 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were bought at an average price of $37.74 per share, with a total value of $694,604.70. Following the purchase, the director now owns 114,155 shares of the company’s stock, valued at $4,308,209.70. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Company 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.