National Storage Affiliates Trust (NYSE:NSA) Shares Sold by D. Scott Neal Inc.

D. Scott Neal Inc. decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,592 shares of the real estate investment trust's stock after selling 7,477 shares during the quarter. National Storage Affiliates Trust accounts for about 5.5% of D. Scott Neal Inc.'s holdings, making the stock its 7th biggest position. D. Scott Neal Inc. owned about 0.35% of National Storage Affiliates Trust worth $10,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NSA. Johnson & White Wealth Management LLC purchased a new position in National Storage Affiliates Trust during the 4th quarter valued at about $228,000. Harbor Capital Advisors Inc. raised its position in shares of National Storage Affiliates Trust by 18.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock worth $2,080,000 after purchasing an additional 8,662 shares during the last quarter. Versant Capital Management Inc lifted its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 514 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in National Storage Affiliates Trust by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock valued at $15,389,000 after buying an additional 42,508 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in National Storage Affiliates Trust by 48.1% during the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock valued at $5,769,000 after buying an additional 42,241 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Analysts Set New Price Targets

NSA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Jefferies Financial Group upped their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Barclays lowered their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday. Wells Fargo & Company boosted their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research report on Monday, October 21st. Finally, Robert W. Baird raised their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $43.06.

National Storage Affiliates Trust Trading Up 2.6 %

Shares of NSA traded up $0.94 during mid-day trading on Thursday, hitting $36.86. The company had a trading volume of 429,462 shares, compared to its average volume of 614,506. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44. The business's 50-day simple moving average is $40.78 and its 200-day simple moving average is $43.14. The stock has a market cap of $2.81 billion, a PE ratio of 21.55 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.42). The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm's revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. Sell-side 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 company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's payout ratio is 133.33%.

About National Storage Affiliates Trust

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.