Atria Investments Inc Reduces Holdings in National Storage Affiliates Trust (NYSE:NSA)

Atria Investments Inc lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 10.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,726 shares of the real estate investment trust’s stock after selling 808 shares during the period. Atria Investments Inc’s holdings in National Storage Affiliates Trust were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NSA. Swedbank AB acquired a new position in National Storage Affiliates Trust in the first quarter valued at about $16,056,000. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $16,198,000. Manning & Napier Advisors LLC acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $4,534,000. Leeward Investments LLC MA boosted its position in shares of National Storage Affiliates Trust by 30.9% during the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock worth $17,095,000 after purchasing an additional 97,786 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in National Storage Affiliates Trust by 3.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock valued at $103,665,000 after purchasing an additional 90,925 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.4 %

Shares of National Storage Affiliates Trust stock opened at $44.35 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52-week low of $32.42 and a 52-week high of $49.44. The company has a market capitalization of $3.38 billion, a P/E ratio of 25.94 and a beta of 0.99. The company has a 50 day moving average of $44.83 and a 200 day moving average of $42.69.

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 (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. As a group, research analysts forecast 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. Stockholders of record on Friday, December 13th will be given a dividend of $0.57 per share. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 5.14%. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 130.99%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NSA. Truist Financial upped their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Jefferies Financial Group raised their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Citigroup raised 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 research note on Friday, August 30th. Finally, Wells Fargo & Company upped their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently 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.