Stifel Financial Corp reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA – Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,232 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Stifel Financial Corp’s holdings in National Storage Affiliates Trust were worth $2,662,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $29,000. Bellevue Asset Management LLC acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at approximately $39,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of National Storage Affiliates Trust in the second quarter valued at $33,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust during the second quarter worth $39,000. 99.97% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on NSA. Jefferies Financial Group increased 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 note on Wednesday, September 18th. Barclays raised their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Wells Fargo & Company boosted their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Evercore ISI upped their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Finally, Robert W. Baird raised their price objective on shares of 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. Three 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.17.
National Storage Affiliates Trust Stock Performance
Shares of NYSE:NSA opened at $38.84 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The company’s 50 day moving average price is $43.44 and its two-hundred day moving average price is $43.65. The firm has a market cap of $2.96 billion, a PE ratio of 22.71 and a beta of 1.01.
National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. Equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.
National Storage Affiliates Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.57 per share. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.87%. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s payout ratio 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.
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