11,610 Shares in National Storage Affiliates Trust (NYSE:NSA) Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC acquired a new stake in National Storage Affiliates Trust (NYSE:NSA) in the 2nd quarter, Holdings Channel reports. The fund acquired 11,610 shares of the real estate investment trust’s stock, valued at approximately $467,000.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $2,468,000. Balyasny Asset Management L.P. grew its position in shares of National Storage Affiliates Trust by 69.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after acquiring an additional 950,171 shares during the last quarter. D. Scott Neal Inc. increased its holdings in shares of National Storage Affiliates Trust by 20.3% in the 2nd quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock valued at $11,425,000 after acquiring an additional 46,848 shares during the period. BNP Paribas Financial Markets raised its position in National Storage Affiliates Trust by 86.2% in the 1st quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock valued at $3,350,000 after purchasing an additional 39,609 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in National Storage Affiliates Trust by 371.6% in the 1st quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock valued at $3,284,000 after purchasing an additional 66,082 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Citigroup raised their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Evercore ISI boosted their price target on National Storage Affiliates Trust from $38.00 to $40.00 and gave the company an “underperform” rating in a research report on Wednesday, August 28th. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday. Wells Fargo & Company lifted their target price 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. Finally, Truist Financial upped their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $39.94.

National Storage Affiliates Trust Trading Down 1.0 %

NYSE:NSA opened at $46.65 on Thursday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $47.45. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 24.42 and a beta of 0.98. The stock has a fifty day moving average price of $43.81 and a two-hundred day moving average price of $39.81.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. During the same quarter last year, the business posted $0.68 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.39 earnings per share for the current fiscal 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 dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.80%. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

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.