Hudson Edge Investment Partners Inc. Has $589,000 Holdings in National Storage Affiliates Trust $NSA

Hudson Edge Investment Partners Inc. increased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,416 shares of the real estate investment trust’s stock after acquiring an additional 979 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in National Storage Affiliates Trust were worth $589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth about $32,000. UMB Bank n.a. raised its holdings in shares of National Storage Affiliates Trust by 71.9% in the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 379 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in National Storage Affiliates Trust by 53.9% in the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 598 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 0.9%

NSA opened at $30.03 on Friday. The company has a 50 day moving average of $30.92 and a 200 day moving average of $33.39. The company has a market cap of $2.31 billion, a PE ratio of 48.43 and a beta of 1.08. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $46.96. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.57 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.6%. National Storage Affiliates Trust’s dividend payout ratio is currently 367.74%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, August 25th. UBS Group decreased their price objective on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Barclays decreased their price objective on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Evercore ISI increased their price objective on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a research note on Monday, September 15th. Finally, BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 price objective for the company. Six equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $33.64.

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.