Yousif Capital Management LLC Sells 467 Shares of National Storage Affiliates Trust $NSA

Yousif Capital Management LLC reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,680 shares of the real estate investment trust’s stock after selling 467 shares during the quarter. Yousif Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 379 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in National Storage Affiliates Trust during the 1st quarter worth about $32,000. Jones Financial Companies Lllp raised its holdings in National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 821 shares during the last quarter. GAMMA Investing LLC grew its position in shares of National Storage Affiliates Trust by 21.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 308 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of National Storage Affiliates Trust by 6,617.4% during the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 1,522 shares during the period. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $32.34 on Thursday. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $46.07. The company has a market cap of $2.48 billion, a P/E ratio of 52.16 and a beta of 1.08. The firm’s fifty day moving average price is $31.20 and its two-hundred day moving average price is $32.73. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data 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 net margin of 8.92% and a return on equity of 4.91%. The firm had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. During the same period in the prior year, the company earned $0.21 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.0%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 367.74%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group decreased their target price on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Barclays decreased their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Truist Financial decreased their target price on 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. Zacks Research lowered National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Finally, Evercore ISI boosted their target price on 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. Seven investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $33.64.

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.