D. Scott Neal Inc. Acquires New Holdings in National Storage Affiliates Trust (NYSE:NSA)

D. Scott Neal Inc. acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 230,328 shares of the real estate investment trust's stock, valued at approximately $9,020,000. National Storage Affiliates Trust comprises about 5.9% of D. Scott Neal Inc.'s holdings, making the stock its 5th largest holding. D. Scott Neal Inc. owned 0.29% of National Storage Affiliates Trust at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NSA. Fifth Third Bancorp grew its position in National Storage Affiliates Trust by 436.8% in the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 961 shares during the last quarter. Metis Global Partners LLC bought a new position in National Storage Affiliates Trust in the 4th quarter worth about $210,000. Colonial River Wealth Management LLC bought a new position in National Storage Affiliates Trust in the 4th quarter worth about $220,000. Blue Trust Inc. grew its position in National Storage Affiliates Trust by 2,584.0% in the 4th quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust's stock worth $223,000 after purchasing an additional 5,168 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in National Storage Affiliates Trust in the 4th quarter worth about $248,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock traded up $0.20 on Friday, hitting $42.25. The company had a trading volume of 3,056,130 shares, compared to its average volume of 814,662. The business has a 50-day simple moving average of $37.34 and a 200-day simple moving average of $37.80. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $3.17 billion, a PE ratio of 22.12 and a beta of 0.91. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $42.69.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The business had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. During the same period in the prior year, the business earned $0.66 earnings per share. The business's quarterly revenue was down 5.7% on a year-over-year basis. Research analysts expect that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.30%. The ex-dividend date is Friday, June 14th. National Storage Affiliates Trust's dividend payout ratio is presently 117.28%.

Analyst Ratings Changes

Separately, Barclays started coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an "equal weight" rating and a $39.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and a consensus price target of $36.44.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger bought 18,405 shares of the business's stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of $37.74 per share, with a total value of $694,604.70. Following the completion of the purchase, the director now directly owns 114,155 shares in the company, valued at $4,308,209.70. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 13.00% of the company's stock.

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.