Susquehanna Portfolio Strategies LLC Reduces Position in National Storage Affiliates Trust (NYSE:NSA)

Susquehanna Portfolio Strategies LLC decreased its position in National Storage Affiliates Trust (NYSE:NSA) by 15.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,921 shares of the real estate investment trust’s stock after selling 7,800 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in National Storage Affiliates Trust were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pasadena Private Wealth LLC lifted its stake in National Storage Affiliates Trust by 0.9% during the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock valued at $1,186,000 after acquiring an additional 255 shares during the period. Clear Creek Financial Management LLC lifted its position in National Storage Affiliates Trust by 1.5% during the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 339 shares during the period. Crossmark Global Holdings Inc. lifted its position in National Storage Affiliates Trust by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 354 shares during the period. Peak Financial Advisors LLC boosted its holdings in National Storage Affiliates Trust by 2.9% in the second quarter. Peak Financial Advisors LLC now owns 12,688 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 360 shares during the last quarter. Finally, Gilman Hill Asset Management LLC grew its position in National Storage Affiliates Trust by 3.7% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 10,400 shares of the real estate investment trust’s stock worth $429,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 1.3 %

NSA opened at $47.45 on Friday. The stock has a market capitalization of $3.56 billion, a PE ratio of 24.84 and a beta of 0.98. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50 day moving average price is $45.23 and its 200 day moving average price is $40.79.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). The business had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Truist Financial raised 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 note on Friday, August 16th. Citigroup boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. 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. Finally, Barclays lifted their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Three investment 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, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus target price of $42.50.

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.