Independent Advisor Alliance Purchases 3,477 Shares of National Storage Affiliates Trust (NYSE:NSA)

Independent Advisor Alliance boosted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,510 shares of the real estate investment trust’s stock after buying an additional 3,477 shares during the quarter. Independent Advisor Alliance’s holdings in National Storage Affiliates Trust were worth $1,519,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NSA. Daiwa Securities Group Inc. lifted its holdings in National Storage Affiliates Trust by 6.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 23,248 shares of the real estate investment trust’s stock worth $1,121,000 after buying an additional 1,412 shares during the period. Penserra Capital Management LLC raised its position in shares of National Storage Affiliates Trust by 22.9% during the third quarter. Penserra Capital Management LLC now owns 34,063 shares of the real estate investment trust’s stock worth $1,641,000 after acquiring an additional 6,355 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of National Storage Affiliates Trust by 35.7% in the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock worth $2,303,000 after acquiring an additional 12,583 shares during the period. Citigroup Inc. boosted its holdings in National Storage Affiliates Trust by 238.9% in the third quarter. Citigroup Inc. now owns 108,734 shares of the real estate investment trust’s stock valued at $5,241,000 after acquiring an additional 76,652 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position 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 purchasing an additional 751 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NSA. Evercore ISI boosted their price target on shares of 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. Citigroup upped their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Wells Fargo & Company boosted their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group raised their target price on 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $43.17.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $45.08 on Wednesday. National Storage Affiliates Trust has a one year low of $32.42 and a one year high of $49.44. The company has a market cap of $3.44 billion, a PE ratio of 26.36 and a beta of 0.99. The stock has a 50-day moving average of $44.69 and a 200-day moving average of $42.89. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data 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). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same period last year, the business posted $0.67 EPS. The company’s revenue was down 20.2% on a year-over-year basis. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.57 per share. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 5.06%. National Storage Affiliates Trust’s dividend payout ratio is presently 130.99%.

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.