National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its stake in National Storage Affiliates Trust (NYSE:NSA) by 62.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,635 shares of the real estate investment trust’s stock after selling 92,586 shares during the quarter. Edgestream Partners L.P. owned about 0.07% of National Storage Affiliates Trust worth $2,147,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of National Storage Affiliates Trust by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 257 shares during the period. SPC Financial Inc. raised its stake in shares of National Storage Affiliates Trust by 4.6% in the 4th quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust’s stock valued at $258,000 after acquiring an additional 300 shares during the period. US Bancorp DE raised its stake in shares of National Storage Affiliates Trust by 13.3% in the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 360 shares during the period. Retirement Systems of Alabama raised its stake in shares of National Storage Affiliates Trust by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after acquiring an additional 412 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of National Storage Affiliates Trust by 2.1% in the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust’s stock valued at $794,000 after acquiring an additional 437 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 1.8 %

NYSE NSA opened at $39.48 on Monday. National Storage Affiliates Trust has a one year low of $34.59 and a one year high of $49.44. The company has a 50-day simple moving average of $37.50 and a 200-day simple moving average of $41.87. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $3.02 billion, a PE ratio of 23.08 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to analyst estimates 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 analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 200.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports 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 on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus price target of $42.56.

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.