Wedge Capital Management L L P NC Has $8.20 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Wedge Capital Management L L P NC reduced its stake in National Storage Affiliates Trust (NYSE:NSA) by 26.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,142 shares of the real estate investment trust’s stock after selling 61,767 shares during the period. Wedge Capital Management L L P NC’s holdings in National Storage Affiliates Trust were worth $8,201,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Pasadena Private Wealth LLC raised its position in shares of National Storage Affiliates Trust by 0.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock valued at $1,186,000 after acquiring an additional 255 shares during the period. SPC Financial Inc. grew its stake in National Storage Affiliates Trust by 4.8% in the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 300 shares during the period. Clear Creek Financial Management LLC raised its position in shares of National Storage Affiliates Trust by 1.5% during the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock worth $928,000 after purchasing an additional 339 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of National Storage Affiliates Trust by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 354 shares in the last quarter. Finally, Peak Financial Advisors LLC grew its position in shares of National Storage Affiliates Trust by 2.9% in the 2nd quarter. Peak Financial Advisors LLC now owns 12,688 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 360 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $44.35 on Tuesday. The company has a market cap of $3.32 billion, a P/E ratio of 23.22 and a beta of 0.98. The firm’s fifty day moving average price is $45.73 and its two-hundred day moving average price is $41.46. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72.

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

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is 117.28%.

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.