National Storage Affiliates Trust (NYSE:NSA) Stock Holdings Reduced by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,583 shares of the real estate investment trust’s stock after selling 835 shares during the quarter. HighTower Advisors LLC’s holdings in National Storage Affiliates Trust were worth $317,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in National Storage Affiliates Trust by 19.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,752 shares of the real estate investment trust’s stock valued at $320,000 after acquiring an additional 1,280 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in National Storage Affiliates Trust by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 354 shares during the period. Signaturefd LLC lifted its holdings in shares of National Storage Affiliates Trust by 48.1% during the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 661 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of National Storage Affiliates Trust during the second quarter worth $59,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at approximately $231,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $37.90 on Tuesday. The firm has a market cap of $2.89 billion, a P/E ratio of 22.16 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a 50 day moving average of $42.92 and a 200 day moving average of $43.64. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $185.45 million. During the same quarter in the previous year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm 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 $0.57 dividend. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.02%. National Storage Affiliates Trust’s payout ratio is 133.33%.

Wall Street Analyst Weigh In

Several analysts have issued reports on NSA shares. Barclays upped 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. Jefferies Financial Group upped their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Citigroup lifted their price objective on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price objective 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. Finally, Evercore ISI raised their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.