Wealth Enhancement Advisory Services LLC Acquires 1,695 Shares of National Storage Affiliates Trust $NSA

Wealth Enhancement Advisory Services LLC lifted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 19.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,463 shares of the real estate investment trust’s stock after buying an additional 1,695 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in National Storage Affiliates Trust were worth $341,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. GW&K Investment Management LLC boosted its position in National Storage Affiliates Trust by 0.6% in the 1st quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust’s stock valued at $30,658,000 after buying an additional 4,609 shares during the period. Alliancebernstein L.P. boosted its position in National Storage Affiliates Trust by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust’s stock valued at $30,131,000 after buying an additional 38,573 shares during the period. Nuveen LLC purchased a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $23,134,000. LPL Financial LLC boosted its position in National Storage Affiliates Trust by 0.3% in the 1st quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust’s stock valued at $21,100,000 after buying an additional 1,713 shares during the period. Finally, Invesco Ltd. lifted its position in shares of National Storage Affiliates Trust by 4.8% in the 1st quarter. Invesco Ltd. now owns 497,003 shares of the real estate investment trust’s stock worth $19,582,000 after purchasing an additional 22,641 shares during the period. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $30.44 on Wednesday. The company’s 50-day moving average price is $30.86 and its 200-day moving average price is $33.19. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The company has a market cap of $2.34 billion, a P/E ratio of 49.09 and a beta of 1.08. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $46.07.

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 analysts’ consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm had revenue of $188.84 million for the quarter, compared to analysts’ expectations of $185.91 million. During the same period last year, the firm earned $0.21 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.5%. National Storage Affiliates Trust’s payout ratio is 367.74%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NSA shares. Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Saturday, September 27th. Evercore ISI upped their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research report on Monday, September 15th. Wells Fargo & Company lowered their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Truist Financial lowered their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, August 25th. Seven equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $33.64.

About National Storage Affiliates Trust

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.