Quantinno Capital Management LP Has $8.52 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Quantinno Capital Management LP boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 11.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,744 shares of the real estate investment trust's stock after acquiring an additional 17,810 shares during the period. Quantinno Capital Management LP owned approximately 0.23% of National Storage Affiliates Trust worth $8,519,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in shares of National Storage Affiliates Trust during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in National Storage Affiliates Trust during the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. bought a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $39,000. Finally, Bellevue Asset Management LLC bought a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 99.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NSA. 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 research note on Wednesday, September 18th. Robert W. Baird upped their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Citigroup raised their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Barclays boosted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company increased their price objective on 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 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $43.17.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded up $0.46 during midday trading on Friday, reaching $43.41. The company's stock had a trading volume of 597,929 shares, compared to its average volume of 706,915. The business's fifty day simple moving average is $44.00 and its 200-day simple moving average is $43.25. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The company has a market capitalization of $3.31 billion, a P/E ratio of 25.39 and a beta of 1.01.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company's revenue was down 20.2% compared to the same quarter last year. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.25%. The ex-dividend date is Friday, December 13th. This is a boost 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.