National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,444 shares of the real estate investment trust’s stock after selling 958 shares during the period. Janney Montgomery Scott LLC’s holdings in National Storage Affiliates Trust were worth $1,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. James Investment Research Inc. increased its stake in National Storage Affiliates Trust by 35.3% in the 3rd quarter. James Investment Research Inc. now owns 22,704 shares of the real estate investment trust’s stock valued at $1,094,000 after buying an additional 5,921 shares during the period. US Bancorp DE increased its stake in National Storage Affiliates Trust by 13.3% in the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 360 shares during the period. Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust in the 3rd quarter valued at approximately $39,000. abrdn plc increased its stake in National Storage Affiliates Trust by 4.8% in the 3rd quarter. abrdn plc now owns 13,651 shares of the real estate investment trust’s stock valued at $658,000 after buying an additional 620 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in National Storage Affiliates Trust by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 257 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Up 1.9 %

NSA opened at $43.14 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $3.29 billion, a PE ratio of 25.23 and a beta of 0.99. National Storage Affiliates Trust has a 1-year low of $32.42 and a 1-year high of $49.44. The firm has a 50-day moving average price of $45.14 and a two-hundred day moving average price of $42.40.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly 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 business had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down 20.2% compared to the same quarter last year. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.57 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 5.29%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 130.99%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NSA shares. Barclays upped their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Robert W. Baird upped their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI increased their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Wells Fargo & Company increased 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 research note on Monday, October 21st. Finally, KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.17.

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.