Fox Run Management L.L.C. Acquires Shares of 39,941 National Storage Affiliates Trust $NSA

Fox Run Management L.L.C. bought a new position in National Storage Affiliates Trust (NYSE:NSA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 39,941 shares of the real estate investment trust’s stock, valued at approximately $1,278,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. UniSuper Management Pty Ltd boosted its position in shares of National Storage Affiliates Trust by 1.5% during the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust’s stock valued at $776,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC raised its holdings in National Storage Affiliates Trust by 21.4% in the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 308 shares in the last quarter. UMB Bank n.a. lifted its position in National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 379 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of National Storage Affiliates Trust by 7.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock valued at $234,000 after buying an additional 413 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of National Storage Affiliates Trust by 0.9% during the 1st quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust’s stock valued at $2,167,000 after buying an additional 483 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Wells Fargo & Company lowered their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Finally, Truist Financial reduced their price objective on National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, August 25th. Eight research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $33.64.

National Storage Affiliates Trust Stock Up 2.1%

Shares of National Storage Affiliates Trust stock opened at $30.65 on Friday. The company has a 50-day simple moving average of $30.97 and a two-hundred day simple moving average of $32.32. The stock has a market capitalization of $2.36 billion, a PE ratio of 49.44 and a beta of 1.10. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $46.07. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $188.70 million during the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.57 per share. The ex-dividend date was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.4%. National Storage Affiliates Trust’s payout ratio is currently 373.77%.

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.