Hennion & Walsh Asset Management Inc. Buys 1,358 Shares of National Storage Affiliates Trust (NYSE:NSA)

Hennion & Walsh Asset Management Inc. grew its stake in National Storage Affiliates Trust (NYSE:NSA) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,798 shares of the real estate investment trust’s stock after acquiring an additional 1,358 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in National Storage Affiliates Trust were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NSA. D. Scott Neal Inc. bought a new position in National Storage Affiliates Trust in the 1st quarter worth about $9,020,000. Pensionfund Sabic increased its position in shares of National Storage Affiliates Trust by 10.8% during the first quarter. Pensionfund Sabic now owns 20,600 shares of the real estate investment trust’s stock valued at $807,000 after acquiring an additional 2,000 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of National Storage Affiliates Trust during the first quarter valued at approximately $368,000. Fisher Asset Management LLC lifted its position in National Storage Affiliates Trust by 6.8% in the 4th quarter. Fisher Asset Management LLC now owns 9,478 shares of the real estate investment trust’s stock valued at $393,000 after acquiring an additional 600 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in National Storage Affiliates Trust by 20.7% during the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock valued at $43,970,000 after purchasing an additional 181,644 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays started coverage on National Storage Affiliates Trust in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price target for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.44.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Chad Leroy Meisinger acquired 18,405 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were purchased at an average price of $37.74 per share, with a total value of $694,604.70. Following the completion of the purchase, the director now directly owns 114,155 shares of the company’s stock, valued at $4,308,209.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.20% of the stock is currently owned by corporate insiders.

National Storage Affiliates Trust Trading Up 0.7 %

Shares of NYSE:NSA opened at $40.52 on Wednesday. The stock’s 50-day simple moving average is $38.09 and its two-hundred day simple moving average is $37.96. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 21.21 and a beta of 0.95. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $42.95. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.01 and a current ratio of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The company had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. During the same period in the previous year, the business posted $0.66 earnings per share. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. Analysts expect that National Storage Affiliates Trust will post 2.5 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.56 per share. The ex-dividend date was Friday, June 14th. This represents a $2.24 annualized dividend and a yield of 5.53%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

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.