National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,004 shares of the real estate investment trust’s stock after acquiring an additional 483 shares during the period. Cerity Partners LLC owned 0.07% of National Storage Affiliates Trust worth $2,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC increased its position in National Storage Affiliates Trust by 7.5% during the first quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 413 shares during the period. Hudson Edge Investment Partners Inc. acquired a new position in National Storage Affiliates Trust during the first quarter worth approximately $687,000. M&T Bank Corp increased its position in National Storage Affiliates Trust by 50.1% during the first quarter. M&T Bank Corp now owns 20,112 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 6,710 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter valued at approximately $805,000. Finally, Peregrine Capital Management LLC increased its holdings in shares of National Storage Affiliates Trust by 47,286.2% in the first quarter. Peregrine Capital Management LLC now owns 137,420 shares of the real estate investment trust’s stock valued at $5,414,000 after purchasing an additional 137,130 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $31.38 on Friday. The firm has a market capitalization of $2.40 billion, a PE ratio of 53.19 and a beta of 1.12. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.22 and a quick ratio of 0.22. The business has a 50-day moving average of $33.41 and a two-hundred day moving average of $35.80. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44.

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

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 386.44%.

Analyst Ratings Changes

NSA has been the topic of a number of analyst reports. Truist Financial set a $37.00 price target on National Storage Affiliates Trust and gave the company a “hold” rating in a research note on Monday, May 19th. BNP Paribas upgraded National Storage Affiliates Trust to a “strong sell” rating in a research note on Tuesday, June 24th. Mizuho initiated coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price target on the stock. Morgan Stanley downgraded National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a research note on Tuesday, May 27th. Finally, National Bankshares set a $33.00 target price 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 issued 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 an average 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.