National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by US Bancorp DE

US Bancorp DE boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 13.3% in the third quarter, HoldingsChannel.com reports. The fund owned 3,073 shares of the real estate investment trust’s stock after purchasing an additional 360 shares during the period. US Bancorp DE’s holdings in National Storage Affiliates Trust were worth $148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bellevue Asset Management LLC purchased a new stake in National Storage Affiliates Trust during the 3rd quarter worth about $39,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of National Storage Affiliates Trust during the second quarter worth approximately $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. Rothschild Investment LLC purchased a new position in National Storage Affiliates Trust in the second quarter worth approximately $59,000. Finally, GAMMA Investing LLC grew its holdings in National Storage Affiliates Trust by 174.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 927 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Up 1.9 %

NSA opened at $43.14 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 25.22 and a beta of 0.99. The business’s 50 day moving average is $45.14 and its two-hundred day moving average is $42.40. National Storage Affiliates Trust has a 52 week low of $32.42 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. During the same period in the previous year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.29%. The ex-dividend date 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 (DPR) is 130.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of 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. Barclays upped their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Evercore ISI raised their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Truist Financial upped their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, August 16th. Finally, 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. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.17.

About National Storage Affiliates Trust

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.