Cerity Partners LLC Grows Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Cerity Partners LLC lifted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 35.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,784 shares of the real estate investment trust's stock after acquiring an additional 12,583 shares during the period. Cerity Partners LLC owned 0.06% of National Storage Affiliates Trust worth $2,303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its holdings in National Storage Affiliates Trust by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust's stock valued at $122,301,000 after buying an additional 22,454 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of National Storage Affiliates Trust by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust's stock valued at $47,672,000 after buying an additional 43,074 shares in the last quarter. Leeward Investments LLC MA boosted its holdings in National Storage Affiliates Trust by 30.9% in the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust's stock worth $17,095,000 after acquiring an additional 97,786 shares in the last quarter. Long Pond Capital LP acquired a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $16,198,000. Finally, Sei Investments Co. raised its holdings in shares of National Storage Affiliates Trust by 9.1% during the second quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust's stock worth $16,034,000 after purchasing an additional 32,544 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Down 0.7 %

NYSE NSA traded down $0.30 on Monday, reaching $44.80. The stock had a trading volume of 724,202 shares, compared to its average volume of 710,612. The stock has a fifty day moving average price of $44.36 and a two-hundred day moving average price of $43.17. National Storage Affiliates Trust has a 12-month low of $34.49 and a 12-month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 26.20 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. During the same period in the previous year, the firm earned $0.67 EPS. National Storage Affiliates Trust's revenue for the quarter was down 20.2% on a year-over-year basis. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.57 dividend. This is an increase from National Storage Affiliates Trust's previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Friday, December 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 133.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NSA shares. Barclays increased their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Robert W. Baird lifted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a research report on Monday, October 21st. Evercore ISI increased 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. Finally, Jefferies Financial Group raised their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and an average price target of $43.17.

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.