Envestnet Asset Management Inc. Sells 89,034 Shares of National Storage Affiliates Trust $NSA

Envestnet Asset Management Inc. lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 72.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,516 shares of the real estate investment trust’s stock after selling 89,034 shares during the period. Envestnet Asset Management Inc.’s holdings in National Storage Affiliates Trust were worth $1,013,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new stake in National Storage Affiliates Trust during the first quarter valued at about $32,000. Farther Finance Advisors LLC boosted its holdings in National Storage Affiliates Trust by 339.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares during the period. Jones Financial Companies Lllp boosted 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 valued at $48,000 after acquiring an additional 821 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $41,000. Finally, Osaic Holdings Inc. increased its stake in National Storage Affiliates Trust by 43.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 541 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 2.2%

NSA opened at $34.60 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.86. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62. The stock has a market cap of $2.67 billion, a PE ratio of 50.14 and a beta of 1.17. The business has a 50 day moving average of $32.10 and a 200-day moving average of $31.00.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The business had revenue of $187.03 million during the quarter, compared to the consensus estimate of $187.24 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. Equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.6%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 330.43%.

Analyst Ratings Changes

A number of analysts have recently weighed in on NSA shares. Truist Financial increased their price objective on National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. KeyCorp reissued a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Thursday, January 22nd. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Wells Fargo & Company dropped their target price on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 5th. Ten analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $32.30.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.