Creative Planning Buys 2,250 Shares of National Storage Affiliates Trust (NYSE:NSA)

Creative Planning increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 27.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,501 shares of the real estate investment trust’s stock after purchasing an additional 2,250 shares during the quarter. Creative Planning’s holdings in National Storage Affiliates Trust were worth $506,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NSA. Swedbank AB purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at $16,056,000. Long Pond Capital LP purchased a new position in National Storage Affiliates Trust during the 2nd quarter valued at $16,198,000. Ontario Teachers Pension Plan Board boosted its holdings in National Storage Affiliates Trust by 94.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 244,300 shares of the real estate investment trust’s stock valued at $9,567,000 after acquiring an additional 118,341 shares during the period. Manning & Napier Advisors LLC purchased a new position in National Storage Affiliates Trust during the 2nd quarter valued at $4,534,000. Finally, Leeward Investments LLC MA boosted its holdings in National Storage Affiliates Trust by 30.9% during the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after acquiring an additional 97,786 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NSA shares. Jefferies Financial Group boosted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Barclays upped their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Citigroup upped their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Robert W. Baird upped their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Three investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.83.

National Storage Affiliates Trust Trading Up 3.7 %

Shares of NYSE NSA opened at $43.54 on Wednesday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $3.32 billion, a P/E ratio of 25.46 and a beta of 0.99. National Storage Affiliates Trust has a 1-year low of $29.55 and a 1-year high of $49.44. The business has a fifty day moving average price of $45.65 and a 200 day moving average price of $42.13.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 earnings per share. Equities research analysts expect that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.14%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 130.99%.

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.