Cetera Investment Advisers Buys 983 Shares of National Storage Affiliates Trust (NYSE:NSA)

Cetera Investment Advisers boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,741 shares of the real estate investment trust’s stock after acquiring an additional 983 shares during the quarter. Cetera Investment Advisers owned approximately 0.10% of National Storage Affiliates Trust worth $2,945,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at about $28,000. Quarry LP boosted its stake in National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 756 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $50,000. Parallel Advisors LLC boosted its stake in National Storage Affiliates Trust by 53.9% during the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 598 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in National Storage Affiliates Trust by 279.8% during the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust’s stock worth $68,000 after acquiring an additional 1,276 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on NSA shares. Morgan Stanley lowered shares of National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, May 27th. BNP Paribas Exane started coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They set an “underperform” rating and a $33.00 price objective on the stock. National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. BNP Paribas upgraded shares of National Storage Affiliates Trust to a “strong sell” rating in a report on Tuesday, June 24th. Finally, Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a report on Monday, May 19th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.38.

National Storage Affiliates Trust Trading Up 3.0%

NSA opened at $30.31 on Wednesday. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. The company has a 50-day simple moving average of $32.36 and a 200 day simple moving average of $35.31. 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 capitalization of $2.32 billion, a price-to-earnings ratio of 48.89 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.81% and a net margin of 8.92%. The business had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s revenue was down .8% compared to the same quarter last year. Analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Friday, June 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 386.44%.

National Storage Affiliates Trust 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.