SG Americas Securities LLC Raises Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

SG Americas Securities LLC grew its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1,354.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,784 shares of the real estate investment trust's stock after buying an additional 79,884 shares during the quarter. SG Americas Securities LLC owned 0.11% of National Storage Affiliates Trust worth $3,252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust's stock valued at $386,000 after buying an additional 257 shares in the last quarter. SPC Financial Inc. increased its stake in shares of National Storage Affiliates Trust by 4.8% in the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust's stock valued at $268,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE raised its holdings in National Storage Affiliates Trust by 13.3% in the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust's stock worth $148,000 after purchasing an additional 360 shares during the period. Versant Capital Management Inc boosted its position in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust during the third quarter worth approximately $25,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

Analyst Upgrades and Downgrades

NSA has been the subject of several research analyst reports. Wells Fargo & Company upped their target price 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. Barclays reduced their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two 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, the stock currently has an average rating of "Hold" and an average price target of $43.06.

National Storage Affiliates Trust Price Performance

NSA traded up $0.38 on Friday, reaching $36.76. 371,937 shares of the company's stock were exchanged, compared to its average volume of 466,728. The stock has a market cap of $2.80 billion, a PE ratio of 21.50 and a beta of 1.03. 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 twelve month low of $34.50 and a twelve month high of $49.44. The stock's fifty day moving average price is $40.02 and its 200-day moving average price is $43.02.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results 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 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 analyst estimates of $185.45 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. The company's revenue for the quarter was down 20.2% on a year-over-year basis. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.57 per share. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.20%. National Storage Affiliates Trust's payout ratio is presently 133.33%.

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.