Northwestern Mutual Wealth Management Co. Takes $33,000 Position in National Storage Affiliates Trust (NYSE:NSA)

Northwestern Mutual Wealth Management Co. bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 812 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth about $39,000. Rothschild Investment LLC acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $59,000. Signaturefd LLC grew its stake in shares of National Storage Affiliates Trust by 48.1% during the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 661 shares during the period. SG Americas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth $113,000. Finally, Highland Capital Management LLC purchased a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth $212,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays upped their price target on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research 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 report on Monday, September 9th. Robert W. Baird lifted their target price on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Evercore ISI upped their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average target price of $42.50.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $44.16 on Monday. The firm has a 50-day moving average of $45.69 and a two-hundred day moving average of $41.41. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $3.31 billion, a P/E ratio of 23.12 and a beta of 0.98. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. During the same quarter last year, the business earned $0.68 EPS. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, research analysts expect that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 5.07%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

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.