National Storage Affiliates Trust (NYSE:NSA) Stock Holdings Reduced by Ritholtz Wealth Management

Ritholtz Wealth Management cut its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,906 shares of the real estate investment trust’s stock after selling 1,536 shares during the period. Ritholtz Wealth Management’s holdings in National Storage Affiliates Trust were worth $489,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. BluePath Capital Management LLC increased its holdings in National Storage Affiliates Trust by 23.8% in the fourth quarter. BluePath Capital Management LLC now owns 18,789 shares of the real estate investment trust’s stock worth $682,000 after buying an additional 3,608 shares during the last quarter. Johnson & White Wealth Management LLC bought a new stake in National Storage Affiliates Trust in the fourth quarter worth approximately $228,000. Harbor Capital Advisors Inc. increased its stake in shares of National Storage Affiliates Trust by 18.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust’s stock worth $2,080,000 after purchasing an additional 8,662 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of National Storage Affiliates Trust by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust’s stock valued at $15,389,000 after purchasing an additional 42,508 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NSA has been the topic of several recent research reports. Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Robert W. Baird raised their price objective on 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Barclays lowered their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Two investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.06.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $36.64 on Tuesday. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. 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 stock has a market cap of $2.79 billion, a P/E ratio of 21.43 and a beta of 1.03. The company’s 50-day simple moving average is $40.51 and its 200 day simple moving average is $43.12.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data 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). The company had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 earnings per share. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.57 dividend. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.22%. National Storage Affiliates Trust’s dividend payout ratio is presently 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.