National Storage Affiliates Trust (NYSE:NSA) Position Increased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 202.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 147,819 shares of the real estate investment trust's stock after buying an additional 99,024 shares during the period. Los Angeles Capital Management LLC owned approximately 0.20% of National Storage Affiliates Trust worth $7,125,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. D. Scott Neal Inc. raised its stake in shares of National Storage Affiliates Trust by 20.3% in the second quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust's stock valued at $11,425,000 after acquiring an additional 46,848 shares during the period. Cetera Investment Advisers grew its holdings in National Storage Affiliates Trust by 371.6% during the 1st quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust's stock valued at $3,284,000 after purchasing an additional 66,082 shares during the last quarter. Thrivent Financial for Lutherans raised its position in National Storage Affiliates Trust by 3.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust's stock worth $103,665,000 after purchasing an additional 90,925 shares during the period. Caxton Associates LP bought a new stake in National Storage Affiliates Trust in the second quarter worth about $1,553,000. Finally, Swedbank AB bought a new stake in National Storage Affiliates Trust in the first quarter worth about $16,056,000. 99.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NSA. Robert W. Baird increased their price target 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. KeyCorp downgraded National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research report on Monday, September 9th. Jefferies Financial Group upped their price target 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. Evercore ISI lifted their price objective on shares of 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, Wells Fargo & Company upped their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $43.17.

National Storage Affiliates Trust Trading Down 1.3 %

NYSE NSA traded down $0.54 during trading on Tuesday, hitting $42.66. The stock had a trading volume of 189,972 shares, compared to its average volume of 720,213. The firm has a 50 day moving average price of $45.38 and a 200 day moving average price of $42.35. The company has a market capitalization of $3.25 billion, a PE ratio of 25.12 and a beta of 0.99. 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 has a twelve month low of $29.55 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS 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 analysts' expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company's quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 5.25%. National Storage Affiliates Trust's dividend payout ratio is currently 130.99%.

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.