National Storage Affiliates Trust (NYSE:NSA) Stake Lifted by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 299,508 shares of the real estate investment trust's stock after purchasing an additional 26,878 shares during the period. Raymond James & Associates owned 0.40% of National Storage Affiliates Trust worth $14,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in National Storage Affiliates Trust by 27.3% in the 3rd quarter. Creative Planning now owns 10,501 shares of the real estate investment trust's stock worth $506,000 after buying an additional 2,250 shares in the last quarter. Ritholtz Wealth Management acquired a new position in National Storage Affiliates Trust in the 3rd quarter worth $696,000. GAMMA Investing LLC raised its stake in shares of National Storage Affiliates Trust by 174.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 927 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of National Storage Affiliates Trust by 36.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 22,916 shares of the real estate investment trust's stock valued at $1,105,000 after purchasing an additional 6,100 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $284,000. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

NSA traded up $0.17 on Monday, hitting $43.02. 367,247 shares of the company's stock were exchanged, compared to its average volume of 731,431. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $49.44. 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 has a market cap of $3.22 billion, a PE ratio of 24.03 and a beta of 0.98. The stock has a fifty day moving average of $45.95 and a two-hundred day moving average of $41.82.

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 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. During the same quarter last year, the company posted $0.68 EPS. National Storage Affiliates Trust's revenue for the quarter was down 11.6% on a year-over-year basis. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 125.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NSA. Citigroup upped their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a "neutral" rating in a research note on Friday, August 30th. KeyCorp lowered shares of National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research note on Monday, September 9th. Wells Fargo & Company upped their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research note on Monday, October 21st. Barclays upped their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Truist Financial upped their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a "hold" rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $42.83.

National Storage Affiliates Trust Company 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.