18,612 Shares in National Storage Affiliates Trust (NYSE:NSA) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new position in National Storage Affiliates Trust (NYSE:NSA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 18,612 shares of the real estate investment trust's stock, valued at approximately $767,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at approximately $39,000. Rothschild Investment LLC bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $59,000. Signaturefd LLC boosted its holdings in National Storage Affiliates Trust by 48.1% in the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust's stock worth $84,000 after buying an additional 661 shares during the period. SG Americas Securities LLC purchased a new stake in National Storage Affiliates Trust in the 1st quarter worth $113,000. Finally, Highland Capital Management LLC bought a new stake in National Storage Affiliates Trust during the second quarter valued at about $212,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. KeyCorp downgraded National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research note on Monday, September 9th. Wells Fargo & Company raised their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an "underweight" rating in a research note on Friday, July 26th. Evercore ISI raised their price objective 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. Robert W. Baird increased their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Finally, Barclays increased their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, August 22nd. Three 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 data from MarketBeat, National Storage Affiliates Trust presently has an average rating of "Hold" and a consensus price target of $42.50.

National Storage Affiliates Trust Trading Down 0.3 %

Shares of National Storage Affiliates Trust stock opened at $44.51 on Tuesday. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $49.44. The firm has a market capitalization of $3.34 billion, a PE ratio of 23.30 and a beta of 0.98. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. The firm's 50-day moving average price is $45.57 and its 200 day moving average price is $41.23.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). The company had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust's dividend payout ratio is currently 117.28%.

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.