AlphaQuest LLC Buys 8,045 Shares of National Storage Affiliates Trust (NYSE:NSA)

AlphaQuest LLC increased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 24.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,016 shares of the real estate investment trust’s stock after buying an additional 8,045 shares during the period. AlphaQuest LLC owned 0.05% of National Storage Affiliates Trust worth $1,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC raised its stake in shares of National Storage Affiliates Trust by 6.5% during the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock worth $384,000 after buying an additional 616 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of National Storage Affiliates Trust by 9.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock worth $3,406,000 after buying an additional 7,655 shares during the last quarter. Hancock Whitney Corp raised its stake in shares of National Storage Affiliates Trust by 1,760.2% during the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock worth $10,035,000 after buying an additional 197,003 shares during the last quarter. Cerity Partners LLC raised its stake in shares of National Storage Affiliates Trust by 35.7% during the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock worth $2,303,000 after buying an additional 12,583 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth approximately $795,000. 99.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NSA shares. Barclays dropped their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two equities 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.56.

National Storage Affiliates Trust Stock Up 1.8 %

National Storage Affiliates Trust stock opened at $39.48 on Monday. The stock has a market capitalization of $3.02 billion, a PE ratio of 23.08 and a beta of 1.07. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44. 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 company has a 50 day moving average of $37.50 and a 200-day moving average of $41.87.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.78%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

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.