Citigroup Inc. Buys 76,652 Shares of National Storage Affiliates Trust (NYSE:NSA)

Citigroup Inc. lifted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 238.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 108,734 shares of the real estate investment trust’s stock after buying an additional 76,652 shares during the period. Citigroup Inc.’s holdings in National Storage Affiliates Trust were worth $5,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of NSA. Raymond James Trust N.A. grew its holdings in National Storage Affiliates Trust by 9.8% during the 3rd quarter. Raymond James Trust N.A. now owns 8,427 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 751 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in National Storage Affiliates Trust by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust’s stock worth $47,672,000 after purchasing an additional 43,074 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of National Storage Affiliates Trust in the third quarter valued at about $5,406,000. J. W. Coons Advisors LLC lifted its position in shares of National Storage Affiliates Trust by 19.9% in the 3rd quarter. J. W. Coons Advisors LLC now owns 7,000 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 1,160 shares during the period. Finally, Quest Partners LLC increased its holdings in shares of National Storage Affiliates Trust by 91.2% in the 3rd quarter. Quest Partners LLC now owns 32,971 shares of the real estate investment trust’s stock valued at $1,589,000 after acquiring an additional 15,729 shares during the period. Institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NSA shares. Robert W. Baird lifted their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted 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. Barclays increased their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Jefferies Financial Group raised their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Truist Financial boosted their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $43.17.

National Storage Affiliates Trust Trading Down 0.7 %

Shares of NYSE NSA opened at $44.80 on Tuesday. The stock has a market capitalization of $3.42 billion, a PE ratio of 26.20 and a beta of 0.99. National Storage Affiliates Trust has a twelve month low of $34.49 and a twelve month high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a fifty day simple moving average of $44.36 and a 200-day simple moving average of $43.17.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, 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. Investors of record on Friday, December 13th will be paid a dividend of $0.57 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 133.33%.

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.