Ashton Thomas Private Wealth LLC Acquires New Shares in National Storage Affiliates Trust (NYSE:NSA)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 952 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC lifted its holdings in shares of National Storage Affiliates Trust by 179.9% during the 2nd quarter. Quest Partners LLC now owns 17,242 shares of the real estate investment trust’s stock valued at $711,000 after buying an additional 11,083 shares during the period. Los Angeles Capital Management LLC raised its holdings in National Storage Affiliates Trust by 419.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 48,795 shares of the real estate investment trust’s stock worth $2,011,000 after purchasing an additional 39,397 shares during the period. Convergence Investment Partners LLC bought a new position in National Storage Affiliates Trust in the 2nd quarter worth $615,000. Natixis Advisors LLC raised its holdings in National Storage Affiliates Trust by 18.2% in the 2nd quarter. Natixis Advisors LLC now owns 72,067 shares of the real estate investment trust’s stock worth $2,971,000 after purchasing an additional 11,082 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in National Storage Affiliates Trust by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 61,957 shares of the real estate investment trust’s stock worth $2,554,000 after purchasing an additional 12,300 shares during the period. 99.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

NSA has been the topic of a number of recent research reports. Barclays raised their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Evercore ISI raised their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday. Robert W. Baird raised their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Truist Financial raised their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and an average price target of $40.06.

National Storage Affiliates Trust Trading Up 2.2 %

Shares of NSA stock opened at $48.71 on Tuesday. The firm has a market capitalization of $3.65 billion, a PE ratio of 25.50 and a beta of 0.98. The stock has a fifty day simple moving average of $44.36 and a two-hundred day simple moving average of $40.14. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $48.90.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, analysts predict that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.60%. National Storage Affiliates Trust’s payout ratio is 117.28%.

About National Storage Affiliates Trust

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.