National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Cwm LLC

Cwm LLC reduced its position in National Storage Affiliates Trust (NYSE:NSA) by 20.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,795 shares of the real estate investment trust’s stock after selling 453 shares during the period. Cwm LLC’s holdings in National Storage Affiliates Trust were worth $74,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NSA. Commonwealth Equity Services LLC purchased a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $383,000. Cambridge Investment Research Advisors Inc. raised its position in National Storage Affiliates Trust by 49.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,675 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 6,533 shares during the last quarter. Raymond James & Associates boosted its stake in National Storage Affiliates Trust by 5.7% during the 3rd quarter. Raymond James & Associates now owns 205,068 shares of the real estate investment trust’s stock worth $6,509,000 after purchasing an additional 11,121 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in National Storage Affiliates Trust by 137.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 17,272 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 9,993 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in National Storage Affiliates Trust by 1.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,328 shares of the real estate investment trust’s stock valued at $1,470,000 after purchasing an additional 673 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 target price on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $36.60.

National Storage Affiliates Trust Stock Up 0.5 %

National Storage Affiliates Trust stock opened at $36.65 on Wednesday. The stock’s 50 day moving average price is $36.86 and its 200 day moving average price is $36.29. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.54. The company has a market cap of $2.75 billion, a PE ratio of 19.19 and a beta of 0.87. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $196.15 million for the quarter, compared to analyst estimates of $191.70 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.11%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

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.