Crossmark Global Holdings Inc. Takes $201,000 Position in National Storage Affiliates Trust (NYSE:NSA)

Crossmark Global Holdings Inc. bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,103 shares of the real estate investment trust’s stock, valued at approximately $201,000.

A number of other institutional investors also recently bought and sold shares of NSA. Nissay Asset Management Corp Japan ADV lifted its stake in shares of National Storage Affiliates Trust by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 398 shares during the period. Concurrent Investment Advisors LLC increased its holdings in 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 worth $234,000 after purchasing an additional 413 shares during the last quarter. 1620 Investment Advisors Inc. increased its holdings in shares of National Storage Affiliates Trust by 3.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 475 shares during the last quarter. Xponance Inc. increased its holdings in shares of National Storage Affiliates Trust by 6.3% in the 4th quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 475 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in National Storage Affiliates Trust by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 42,213 shares of the real estate investment trust’s stock worth $1,661,000 after buying an additional 499 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $32.70 on Tuesday. The firm has a market cap of $2.50 billion, a P/E ratio of 55.42 and a beta of 1.12. The stock’s 50-day moving average is $33.88 and its two-hundred day moving average is $36.00. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.22 and a quick ratio of 0.22.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (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 company had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same quarter last year, the company posted $0.60 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. Analysts predict 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 declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 6.97%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 386.44%.

Analyst Ratings Changes

NSA has been the subject of a number of analyst reports. Mizuho initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price target for the company. BNP Paribas upgraded National Storage Affiliates Trust to a “strong sell” rating in a report on Tuesday, June 24th. 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 report on Tuesday, May 27th. Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. Finally, National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Six analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.63.

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.