Quest Partners LLC Purchases 15,729 Shares of National Storage Affiliates Trust (NYSE:NSA)

Quest Partners LLC grew its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 91.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,971 shares of the real estate investment trust's stock after buying an additional 15,729 shares during the quarter. Quest Partners LLC's holdings in National Storage Affiliates Trust were worth $1,589,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NSA. Thrivent Financial for Lutherans grew its stake in shares of National Storage Affiliates Trust by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust's stock worth $122,301,000 after purchasing an additional 22,454 shares during the period. Leeward Investments LLC MA grew its stake in shares of National Storage Affiliates Trust by 30.9% during the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust's stock worth $17,095,000 after purchasing an additional 97,786 shares during the period. Swedbank AB acquired a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $16,056,000. Long Pond Capital LP acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth about $16,198,000. Finally, Sei Investments Co. boosted its position in shares of National Storage Affiliates Trust by 9.1% in the second quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust's stock worth $16,034,000 after acquiring an additional 32,544 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded up $0.88 during trading hours on Tuesday, reaching $44.24. 684,445 shares of the company were exchanged, compared to its average volume of 714,697. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 25.82 and a beta of 0.99. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a 50-day moving average of $45.01 and a 200 day moving average of $42.61. National Storage Affiliates Trust has a 12 month low of $32.42 and a 12 month high of $49.44.

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

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.15%. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust's dividend payout ratio is currently 130.99%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NSA shares. Wells Fargo & Company lifted their price target 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. Robert W. Baird boosted their target price on shares of 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 boosted 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. Jefferies Financial Group boosted 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. Finally, Truist Financial boosted 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 assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust has an average rating of "Hold" and an average price target of $43.17.

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.