Center Lake Capital Management LLC Makes New $2.89 Million Investment in National Storage Affiliates Trust (NYSE:NSA)

Center Lake Capital Management LLC purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 70,000 shares of the real estate investment trust’s stock, valued at approximately $2,885,000. National Storage Affiliates Trust makes up about 5.6% of Center Lake Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Center Lake Capital Management LLC owned 0.09% of National Storage Affiliates Trust as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NSA. Ashton Thomas Private Wealth LLC bought a new position in National Storage Affiliates Trust in the 2nd quarter worth $39,000. Rothschild Investment LLC purchased a new stake in shares of National Storage Affiliates Trust during the second quarter worth about $59,000. Signaturefd LLC boosted its stake in National Storage Affiliates Trust by 48.1% in the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 661 shares during the period. SG Americas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the first quarter worth $113,000. Finally, Highland Capital Management LLC bought a new position in shares of National Storage Affiliates Trust during the second quarter worth $212,000. 99.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on NSA shares. Wells Fargo & Company boosted their price target on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. Evercore ISI increased their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Jefferies Financial Group upped their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp cut shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Finally, Citigroup upped their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.45.

National Storage Affiliates Trust Trading Up 0.9 %

Shares of NYSE NSA opened at $48.57 on Friday. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 25.43 and a beta of 0.98. The business’s 50 day moving average price is $44.92 and its 200-day moving average price is $40.42.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results 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 business had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The business’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, sell-side analysts expect that National Storage Affiliates Trust will post 2.39 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.56 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.61%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

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.