Crossmark Global Holdings Inc. Cuts Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Crossmark Global Holdings Inc. decreased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 71.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,290 shares of the real estate investment trust’s stock after selling 13,354 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in National Storage Affiliates Trust were worth $255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $33,000. Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust in the second quarter valued at approximately $39,000. Bellevue Asset Management LLC purchased a new position in National Storage Affiliates Trust in the third quarter worth approximately $39,000. Rothschild Investment LLC acquired a new position in National Storage Affiliates Trust during the 2nd quarter worth approximately $59,000. Finally, GAMMA Investing LLC increased its position in shares of National Storage Affiliates Trust by 174.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 927 shares during the last quarter. 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 $43.36 on Tuesday. The firm’s fifty day simple moving average is $45.08 and its 200-day simple moving average is $42.56. National Storage Affiliates Trust has a 12 month low of $32.42 and a 12 month high of $49.44. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 25.22 and a beta of 0.99. 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 posted 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). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is 130.99%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Robert W. Baird increased their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Evercore ISI upped their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.