National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 989,045 shares of the real estate investment trust's stock after acquiring an additional 43,074 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.30% of National Storage Affiliates Trust worth $47,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in National Storage Affiliates Trust during the 3rd quarter worth about $5,406,000. J. W. Coons Advisors LLC increased its stake in shares of National Storage Affiliates Trust by 19.9% in the 3rd quarter. J. W. Coons Advisors LLC now owns 7,000 shares of the real estate investment trust's stock valued at $337,000 after purchasing an additional 1,160 shares in the last quarter. Quest Partners LLC increased its stake in National Storage Affiliates Trust by 91.2% during the 3rd quarter. Quest Partners LLC now owns 32,971 shares of the real estate investment trust's stock worth $1,589,000 after buying an additional 15,729 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of 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 worth $122,301,000 after purchasing an additional 22,454 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in National Storage Affiliates Trust by 5.1% in the third quarter. Natixis Advisors LLC now owns 75,724 shares of the real estate investment trust's stock valued at $3,650,000 after acquiring an additional 3,657 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NSA. Robert W. Baird boosted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. KeyCorp lowered National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research report on Monday, September 9th. Jefferies Financial Group boosted their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Citigroup boosted their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a "neutral" rating in a research report on Friday, August 30th. Finally, Evercore ISI boosted their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $43.17.

National Storage Affiliates Trust Stock Down 0.7 %

NYSE:NSA traded down $0.30 during trading hours on Monday, hitting $44.80. The company's stock had a trading volume of 724,202 shares, compared to its average volume of 710,612. The stock has a market capitalization of $3.42 billion, a P/E ratio of 26.20 and a beta of 0.99. The stock has a fifty day moving average of $44.36 and a 200-day moving average of $43.17. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52-week low of $34.49 and a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the prior year, the company earned $0.67 EPS. The business's revenue was down 20.2% on a year-over-year basis. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

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

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.