AQR Capital Management LLC Has $808,000 Stake in National Storage Affiliates Trust (NYSE:NSA)

AQR Capital Management LLC trimmed its stake in National Storage Affiliates Trust (NYSE:NSA) by 84.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,726 shares of the real estate investment trust’s stock after selling 110,466 shares during the quarter. AQR Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in National Storage Affiliates Trust in the 2nd quarter worth approximately $39,000. Rothschild Investment LLC purchased a new stake in shares of National Storage Affiliates Trust during the second quarter worth $59,000. Signaturefd LLC boosted its position in National Storage Affiliates Trust by 48.1% during the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 661 shares during the last quarter. SG Americas Securities LLC acquired a new stake in National Storage Affiliates Trust during the first quarter valued at $113,000. Finally, Highland Capital Management LLC purchased a new position in National Storage Affiliates Trust in the second quarter valued at about $212,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Down 0.0 %

Shares of NYSE NSA opened at $44.16 on Friday. The business has a fifty 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 quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $49.44. The stock has a market cap of $3.31 billion, a PE ratio of 23.12 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The firm 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%. National Storage Affiliates Trust’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued 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 is 117.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays lifted their price target on 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. Jefferies Financial Group increased their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Truist Financial lifted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Citigroup increased their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.