Crossmark Global Holdings Inc. Lowers Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Crossmark Global Holdings Inc. decreased its position in National Storage Affiliates Trust (NYSE:NSA) by 71.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,290 shares of the real estate investment trust’s stock after selling 13,354 shares during the period. Crossmark Global Holdings Inc.’s holdings in National Storage Affiliates Trust were worth $255,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. D. Scott Neal Inc. grew its stake in 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. Cetera Investment Advisers raised its position in shares of National Storage Affiliates Trust by 371.6% during 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 during the last quarter. Thrivent Financial for Lutherans lifted its stake in National Storage Affiliates Trust by 3.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock valued at $103,665,000 after buying an additional 90,925 shares in the last quarter. Caxton Associates LP acquired a new stake in National Storage Affiliates Trust in the 2nd quarter worth about $1,553,000. Finally, Swedbank AB purchased a new stake in National Storage Affiliates Trust during the 1st quarter worth approximately $16,056,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 0.5 %

NSA opened at $43.36 on Tuesday. The stock has a market capitalization of $3.31 billion, a PE ratio of 25.22 and a beta of 0.99. National Storage Affiliates Trust has a one year low of $32.42 and a one year 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. The business’s 50 day moving average price is $45.08 and its 200 day moving average price is $42.56.

National Storage Affiliates Trust (NYSE:NSA) last announced 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). The business had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period last year, the company earned $0.67 EPS. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.26%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 130.99%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NSA. Jefferies Financial Group raised their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Citigroup increased their target price on shares of 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. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Barclays increased 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 report on Monday, October 28th. Finally, Wells Fargo & Company boosted their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Company 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.