Stifel Financial Corp Has $2.66 Million Stake in National Storage Affiliates Trust (NYSE:NSA)

Stifel Financial Corp reduced its holdings in National Storage Affiliates Trust (NYSE:NSA) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,232 shares of the real estate investment trust’s stock after selling 1,000 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of National Storage Affiliates Trust worth $2,662,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NSA. Wealth Enhancement Advisory Services LLC raised its holdings in shares of National Storage Affiliates Trust by 19.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,752 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 1,280 shares during the last quarter. Raymond James & Associates raised its stake in shares of National Storage Affiliates Trust by 1.0% in the second quarter. Raymond James & Associates now owns 272,630 shares of the real estate investment trust’s stock worth $11,238,000 after acquiring an additional 2,666 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of National Storage Affiliates Trust by 56.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 23,096 shares of the real estate investment trust’s stock worth $952,000 after purchasing an additional 8,298 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of National Storage Affiliates Trust by 20.5% during the second quarter. Nisa Investment Advisors LLC now owns 38,130 shares of the real estate investment trust’s stock valued at $1,572,000 after purchasing an additional 6,496 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its holdings in shares of National Storage Affiliates Trust by 1.5% in the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 339 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSA has been the topic of a number of recent research reports. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Evercore ISI raised their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Jefferies Financial Group upped their target price on shares of 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. Barclays lifted their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Citigroup increased their price objective 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. Three equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.17.

National Storage Affiliates Trust Stock Down 5.6 %

Shares of NYSE:NSA opened at $38.84 on Thursday. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The company has a market capitalization of $2.96 billion, a PE ratio of 22.71 and a beta of 1.01. 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 company has a 50 day moving average price of $43.44 and a two-hundred day moving average price of $43.65.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share 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 the consensus estimate of $185.45 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The business’s revenue was down 20.2% on a year-over-year basis. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.57 per share. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.87%. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 133.33%.

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.