Victory Capital Management Inc. Acquires 227,334 Shares of National Storage Affiliates Trust (NYSE:NSA)

Victory Capital Management Inc. lifted its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1,581.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 241,705 shares of the real estate investment trust's stock after purchasing an additional 227,334 shares during the quarter. Victory Capital Management Inc. owned 0.32% of National Storage Affiliates Trust worth $11,650,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NSA. Ashton Thomas Securities LLC acquired a new position in shares of National Storage Affiliates Trust during the third quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at approximately $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust in the second quarter valued at about $39,000. Bellevue Asset Management LLC purchased a new position in National Storage Affiliates Trust during the 3rd quarter valued at about $39,000. Finally, Rothschild Investment LLC acquired a new position in shares of National Storage Affiliates Trust in the second quarter worth $59,000. 99.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NSA. KeyCorp downgraded National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Evercore ISI raised their price objective on shares of 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. Wells Fargo & Company increased their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a report on Monday, October 21st. Barclays raised 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 report on Monday, October 28th. Finally, Robert W. Baird increased their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $43.17.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $43.92 on Thursday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 25.68 and a beta of 0.99. National Storage Affiliates Trust has a twelve month low of $32.42 and a twelve month high of $49.44. The company has a 50-day moving average of $44.95 and a 200-day moving average of $42.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.42). The business had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company's revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 earnings per share. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share 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. Shareholders of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's dividend payout ratio is currently 130.99%.

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.