Cerity Partners LLC Boosts Holdings in National Storage Affiliates Trust (NYSE:NSA)

Cerity Partners LLC lifted its stake in National Storage Affiliates Trust (NYSE:NSA) by 35.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,784 shares of the real estate investment trust’s stock after purchasing an additional 12,583 shares during the quarter. Cerity Partners LLC owned about 0.06% of National Storage Affiliates Trust worth $2,303,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NSA. Pasadena Private Wealth LLC lifted its position in National Storage Affiliates Trust by 0.9% during the second quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 255 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 257 shares during the period. SPC Financial Inc. boosted its stake in National Storage Affiliates Trust by 4.8% during the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 300 shares during the period. Clear Creek Financial Management LLC lifted its stake in National Storage Affiliates Trust by 1.5% during the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock worth $928,000 after purchasing an additional 339 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in National Storage Affiliates Trust by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 354 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $45.10 on Monday. The company has a market cap of $3.44 billion, a PE ratio of 26.37 and a beta of 0.99. The company has a 50-day simple moving average of $44.44 and a 200-day simple moving average of $43.12. National Storage Affiliates Trust has a 12 month low of $32.83 and a 12 month high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The firm had revenue of $174.80 million during 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%. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. On average, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, December 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 5.06%. National Storage Affiliates Trust’s dividend payout ratio is 130.99%.

Wall Street Analysts Forecast Growth

NSA has been the subject of several analyst reports. Robert W. Baird boosted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Barclays lifted their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Jefferies Financial Group raised their price objective on shares of 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. Finally, KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.17.

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.