Yousif Capital Management LLC Cuts Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Yousif Capital Management LLC lowered its holdings in National Storage Affiliates Trust (NYSE:NSA) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,147 shares of the real estate investment trust’s stock after selling 562 shares during the period. Yousif Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $951,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at $28,000. Quarry LP raised its stake in shares of National Storage Affiliates Trust by 444.7% in the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 756 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at $50,000. Parallel Advisors LLC raised its stake in shares of National Storage Affiliates Trust by 53.9% in the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 598 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 710 shares during the period. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $32.88 on Thursday. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. The business has a 50-day simple moving average of $35.14 and a 200 day simple moving average of $37.08. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.54. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 55.72 and a beta of 1.14.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The business had revenue of $188.35 million for the quarter, compared to analysts’ expectations of $184.65 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. National Storage Affiliates Trust’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend is Friday, June 13th. National Storage Affiliates Trust’s payout ratio is currently 386.44%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NSA. Mizuho began coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price on the stock. Morgan Stanley lowered National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 target price on the stock. in a research note on Tuesday, May 27th. Barclays decreased their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the company a “hold” rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company decreased their price objective on 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. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.75.

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.