SG Americas Securities LLC Acquires Shares of 5,900 National Storage Affiliates Trust (NYSE:NSA)

SG Americas Securities LLC bought a new position in National Storage Affiliates Trust (NYSE:NSA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,900 shares of the real estate investment trust’s stock, valued at approximately $284,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in National Storage Affiliates Trust by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock valued at $43,970,000 after acquiring an additional 181,644 shares during the last quarter. Fisher Asset Management LLC increased its holdings in National Storage Affiliates Trust by 6.8% in the 4th quarter. Fisher Asset Management LLC now owns 9,478 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 600 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in National Storage Affiliates Trust in the 1st quarter valued at $368,000. Hennion & Walsh Asset Management Inc. increased its holdings in National Storage Affiliates Trust by 10.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 14,798 shares of the real estate investment trust’s stock valued at $579,000 after acquiring an additional 1,358 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in National Storage Affiliates Trust by 6.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,332 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup lifted their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Jefferies Financial Group boosted their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Robert W. Baird boosted their target price on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.50.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $44.95 on Monday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 23.53 and a beta of 0.98. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $49.44. The firm’s 50-day moving average is $45.93 and its 200 day moving average is $41.65. 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 issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. Research analysts predict that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 4.98%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

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.