Barclays PLC Sells 51,967 Shares of National Storage Affiliates Trust (NYSE:NSA)

Barclays PLC reduced its position in National Storage Affiliates Trust (NYSE:NSA) by 48.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,389 shares of the real estate investment trust’s stock after selling 51,967 shares during the period. Barclays PLC owned 0.07% of National Storage Affiliates Trust worth $2,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NSA. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth $33,000. Ashton Thomas Private Wealth LLC purchased a new position in National Storage Affiliates Trust during the 2nd quarter worth $39,000. Finally, Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $38.05 on Wednesday. The firm’s fifty day moving average is $42.92 and its two-hundred day moving average is $43.64. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 22.25 and a beta of 1.01. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same period last year, the business earned $0.67 earnings per share. The firm’s revenue was down 20.2% on a year-over-year basis. Research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend 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 dividend on an annualized basis and a yield of 5.99%. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

Analyst Upgrades and Downgrades

NSA has been the subject of several recent analyst reports. Barclays raised their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Citigroup lifted their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Evercore ISI upped their price target on shares of 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. Robert W. Baird lifted their price objective on shares of 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. Finally, Wells Fargo & Company boosted their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.17.

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.