Nisa Investment Advisors LLC Sells 1,752 Shares of National Storage Affiliates Trust (NYSE:NSA)

Nisa Investment Advisors LLC lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,120 shares of the real estate investment trust’s stock after selling 1,752 shares during the period. Nisa Investment Advisors LLC’s holdings in National Storage Affiliates Trust were worth $1,180,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its position in National Storage Affiliates Trust by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 257 shares during the last quarter. SPC Financial Inc. increased its stake in shares of National Storage Affiliates Trust by 4.8% in the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 300 shares during the period. US Bancorp DE raised its position in shares of National Storage Affiliates Trust by 13.3% during the third quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 360 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares during the period. Finally, Loomis Sayles & Co. L P bought a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $37.99 on Tuesday. The business has a 50-day simple moving average of $40.02 and a 200 day simple moving average of $43.02. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 22.22 and a beta of 1.03. 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 has a one year low of $34.50 and a one year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same period in the previous year, the company earned $0.67 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% compared to the same quarter last year. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued 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 dividend on an annualized basis and a dividend yield of 6.00%. The ex-dividend date of this dividend was Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Upgrades and Downgrades

NSA has been the subject of several analyst reports. Barclays lowered their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Wells Fargo & Company boosted their target price 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Robert W. Baird lifted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.06.

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.