Highland Capital Management LLC Purchases Shares of 5,150 National Storage Affiliates Trust (NYSE:NSA)

Highland Capital Management LLC bought a new position in National Storage Affiliates Trust (NYSE:NSA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,150 shares of the real estate investment trust’s stock, valued at approximately $212,000.

Other hedge funds have also made changes to their positions in the company. Wasatch Advisors LP boosted its stake in National Storage Affiliates Trust by 20.3% in the first quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock worth $257,025,000 after purchasing an additional 1,108,176 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in National Storage Affiliates Trust by 69.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock valued at $95,789,000 after acquiring an additional 950,171 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of National Storage Affiliates Trust by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,266,956 shares of the real estate investment trust’s stock worth $52,541,000 after purchasing an additional 7,096 shares during the period. Wellington Management Group LLP increased its stake in National Storage Affiliates Trust by 20.7% during the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after purchasing an additional 181,644 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its stake in National Storage Affiliates Trust by 6.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 1,020,629 shares of the real estate investment trust’s stock valued at $42,325,000 after buying an additional 62,146 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger bought 18,405 shares of the business’s stock in a transaction on Friday, June 7th. The stock was purchased at an average cost of $37.74 per share, for a total transaction of $694,604.70. Following the completion of the purchase, the director now directly owns 114,155 shares of the company’s stock, valued at $4,308,209.70. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $0.82 during trading on Friday, reaching $45.55. 711,217 shares of the stock were exchanged, compared to its average volume of 771,334. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $46.84. The stock has a 50-day moving average price of $42.61 and a 200-day moving average price of $38.97. 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 firm has a market cap of $3.41 billion, a PE ratio of 23.85 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 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The firm had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. During the same period in the prior year, the company earned $0.68 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Research analysts expect that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, September 13th. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

Analyst Ratings Changes

Several research firms have recently weighed in on NSA. Barclays upped their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday. Evercore ISI boosted their price target on shares of 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 objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, August 16th. Robert W. Baird increased their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company raised their price target on 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.38.

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.