Edgestream Partners L.P. Has $2.74 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Edgestream Partners L.P. lessened its stake in National Storage Affiliates Trust (NYSE:NSA) by 35.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the real estate investment trust’s stock after selling 37,613 shares during the quarter. Edgestream Partners L.P. owned about 0.09% of National Storage Affiliates Trust worth $2,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NSA. Raymond James Trust N.A. bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at about $275,000. Raymond James & Associates boosted its stake in National Storage Affiliates Trust by 6.0% in the fourth quarter. Raymond James & Associates now owns 217,348 shares of the real estate investment trust’s stock valued at $9,013,000 after acquiring an additional 12,280 shares during the last quarter. Johnson & White Wealth Management LLC acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth $290,000. Blue Trust Inc. raised its position in shares of National Storage Affiliates Trust by 2,584.0% during the 4th quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 5,168 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of National Storage Affiliates Trust by 436.8% in the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 961 shares during the period. 99.97% of the stock is owned by institutional investors.

Insider Transactions at National Storage Affiliates Trust

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

National Storage Affiliates Trust Stock Down 0.2 %

National Storage Affiliates Trust stock traded down $0.08 during midday trading on Tuesday, reaching $44.18. The stock had a trading volume of 50,701 shares, compared to its average volume of 783,579. The stock has a market capitalization of $3.31 billion, a P/E ratio of 23.12 and a beta of 0.95. The firm’s fifty day simple moving average is $39.98 and its 200-day simple moving average is $38.12. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.01 and a current ratio of 1.01. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $46.84.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The company had revenue of $196.15 million during the quarter, compared to the consensus estimate of $191.70 million. During the same period in the prior year, the business posted $0.66 EPS. The company’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, analysts expect that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders 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 5.07%. The ex-dividend date of this dividend was Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

Analyst Ratings Changes

NSA has been the subject of a number of analyst reports. Barclays assumed coverage on National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective for the company. Evercore ISI boosted their target price 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. Three equities research 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.00.

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.