7,291 Shares in National Storage Affiliates Trust (NYSE:NSA) Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. purchased a new position in National Storage Affiliates Trust (NYSE:NSA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,291 shares of the real estate investment trust’s stock, valued at approximately $287,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nissay Asset Management Corp Japan ADV increased its holdings in shares of National Storage Affiliates Trust by 4.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 398 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of 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 in the last quarter. Cerity Partners LLC increased its holdings in shares of National Storage Affiliates Trust by 0.9% during the first quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust’s stock worth $2,167,000 after buying an additional 483 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of National Storage Affiliates Trust by 1.2% during 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 in the last quarter. Finally, Moseley Investment Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 2.4% during the first quarter. Moseley Investment Management Inc. now owns 24,944 shares of the real estate investment trust’s stock worth $983,000 after buying an additional 577 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

NSA has been the subject of several recent analyst reports. Wall Street Zen raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday. BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an “underperform” rating and a $33.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, July 23rd. BNP Paribas raised shares of National Storage Affiliates Trust to a “strong sell” rating in a report on Tuesday, June 24th. Finally, National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.96.

National Storage Affiliates Trust Price Performance

Shares of NSA stock opened at $29.76 on Friday. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44. The stock has a market cap of $2.28 billion, a PE ratio of 48.00 and a beta of 1.10. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.22 and a current ratio of 0.30. The firm’s 50 day moving average price is $32.12 and its two-hundred day moving average price is $35.18.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. During the same period in the previous year, the business posted $0.21 earnings per share. National Storage Affiliates Trust’s revenue was down .8% compared to the same quarter last year. As a group, analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 7.7%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 367.74%.

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.