Peak Financial Advisors LLC Trims Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Peak Financial Advisors LLC trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,198 shares of the real estate investment trust’s stock after selling 490 shares during the period. Peak Financial Advisors LLC’s holdings in National Storage Affiliates Trust were worth $588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its stake in shares of National Storage Affiliates Trust by 20.3% in the first quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock valued at $257,025,000 after buying an additional 1,108,176 shares in the last quarter. Swedbank AB purchased a new stake in shares of National Storage Affiliates Trust during the first quarter worth approximately $16,056,000. Long Pond Capital LP acquired a new stake in National Storage Affiliates Trust in the second quarter valued at approximately $16,198,000. D. Scott Neal Inc. purchased a new position in National Storage Affiliates Trust in the first quarter worth approximately $9,020,000. Finally, Wellington Management Group LLP grew its holdings in National Storage Affiliates Trust by 20.7% during the 4th quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after acquiring an additional 181,644 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.1 %

NYSE:NSA opened at $44.14 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $49.44. The stock’s 50 day moving average price is $45.67 and its 200 day moving average price is $41.33. The company has a market capitalization of $3.31 billion, a PE ratio of 23.11 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The business had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. During the same quarter last year, the business posted $0.68 earnings per share. The business’s revenue was down 11.6% on a year-over-year basis. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 5.07%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Wall Street Analysts Forecast Growth

NSA has been the topic of a number of analyst reports. Citigroup raised their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Jefferies Financial Group lifted their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Robert W. Baird increased their price objective on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Truist Financial boosted their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Finally, Evercore ISI upped their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.50.

National Storage Affiliates Trust Company 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.