Wealth Enhancement Advisory Services LLC Boosts Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Wealth Enhancement Advisory Services LLC raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,009 shares of the real estate investment trust’s stock after buying an additional 257 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in National Storage Affiliates Trust were worth $386,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NSA. D. Scott Neal Inc. lifted its position in National Storage Affiliates Trust by 20.3% during the second 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 last quarter. BNP Paribas Financial Markets lifted its holdings in shares of National Storage Affiliates Trust by 86.2% during 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. Cetera Investment Advisers boosted its position in shares of 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 worth $3,284,000 after purchasing an additional 66,082 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in National Storage Affiliates Trust by 3.8% during the 2nd 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 during the last quarter. Finally, Caxton Associates LP acquired a new position in National Storage Affiliates Trust during the 2nd quarter valued at about $1,553,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $43.68 on Friday. The business’s 50-day moving average is $45.45 and its two-hundred day moving average is $42.25. The company has a market capitalization of $3.33 billion, a P/E ratio of 25.54 and a beta of 0.99. National Storage Affiliates Trust has a fifty-two week low of $29.55 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same period last year, the business earned $0.67 earnings per share. The firm’s revenue was down 20.2% on a year-over-year basis. Research analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company 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. This represents a $2.24 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 130.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NSA shares. Barclays boosted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI upped their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Wells Fargo & Company raised their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Finally, Jefferies Financial Group raised their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.17.

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.