D.A. Davidson & CO. Takes Position in National Storage Affiliates Trust (NYSE:NSA)

D.A. Davidson & CO. purchased a new position in National Storage Affiliates Trust (NYSE:NSAFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,969 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 30.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 71,581 shares of the real estate investment trust’s stock worth $2,272,000 after acquiring an additional 16,608 shares in the last quarter. Whittier Trust Co. increased its stake in National Storage Affiliates Trust by 3,949.9% in the 4th quarter. Whittier Trust Co. now owns 126,721 shares of the real estate investment trust’s stock worth $5,255,000 after purchasing an additional 123,592 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth about $900,000. Heartland Advisors Inc. boosted its holdings in shares of National Storage Affiliates Trust by 55.0% in the fourth quarter. Heartland Advisors Inc. now owns 475,850 shares of the real estate investment trust’s stock worth $19,734,000 after buying an additional 168,825 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of National Storage Affiliates Trust by 5.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,259,860 shares of the real estate investment trust’s stock worth $39,988,000 after acquiring an additional 64,920 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays started coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $36.44.

View Our Latest Stock Report on NSA

National Storage Affiliates Trust Trading Up 2.9 %

National Storage Affiliates Trust stock opened at $36.57 on Friday. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $42.54. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. The stock has a market cap of $2.74 billion, a P/E ratio of 19.15 and a beta of 0.87. The company’s fifty day simple moving average is $36.73 and its 200-day simple moving average is $37.09.

National Storage Affiliates Trust (NYSE:NSAGet Free Report) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The firm had revenue of $196.15 million for the quarter, compared to the consensus estimate of $191.70 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

National Storage Affiliates Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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