Algert Global LLC Reduces Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Algert Global LLC lessened its holdings in National Storage Affiliates Trust (NYSE:NSA) by 17.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,635 shares of the real estate investment trust’s stock after selling 21,021 shares during the period. Algert Global LLC owned 0.13% of National Storage Affiliates Trust worth $4,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Wasatch Advisors LP raised its position in shares of 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 buying an additional 1,108,176 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of National Storage Affiliates Trust by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock worth $103,665,000 after buying an additional 90,925 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of 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 worth $95,789,000 after buying an additional 950,171 shares in the last quarter. Wellington Management Group LLP raised its position in shares of National Storage Affiliates Trust by 20.7% in the fourth quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after buying an additional 181,644 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of National Storage Affiliates Trust by 2.5% in the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after buying an additional 23,181 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 1.6 %

Shares of NYSE:NSA opened at $48.21 on Tuesday. The stock’s 50-day moving average price is $45.23 and its 200-day moving average price is $40.83. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $49.44. The stock has a market capitalization of $3.61 billion, a P/E ratio of 25.24 and a beta of 0.98. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28.

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 (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. On average, equities analysts anticipate that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.65%. National Storage Affiliates Trust’s payout ratio is presently 117.28%.

Analyst Upgrades and Downgrades

NSA has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Robert W. Baird raised 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. Citigroup raised their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Barclays raised their price target on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. 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. According to MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and an average target price of $42.50.

About National Storage Affiliates Trust

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.