BluePath Capital Management LLC Buys 3,608 Shares of National Storage Affiliates Trust (NYSE:NSA)

BluePath Capital Management LLC grew its stake in National Storage Affiliates Trust (NYSE:NSA) by 23.8% during the fourth quarter, HoldingsChannel reports. The firm owned 18,789 shares of the real estate investment trust’s stock after buying an additional 3,608 shares during the quarter. BluePath Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSA. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 514 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust during the 3rd quarter worth $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust in the 2nd quarter worth about $33,000. Finally, Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust in the 3rd quarter worth about $39,000. 99.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

NSA has been the topic of a number of recent research reports. Robert W. Baird lifted their price target 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. Deutsche Bank Aktiengesellschaft upgraded 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 report on Friday, January 10th. Jefferies Financial Group boosted their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Barclays dropped their price target 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 note on Monday. Finally, Wells Fargo & Company boosted their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $43.06.

National Storage Affiliates Trust Stock Down 0.3 %

National Storage Affiliates Trust stock opened at $35.83 on Thursday. The firm has a 50 day moving average price of $40.91 and a two-hundred day moving average price of $43.19. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $34.50 and a 52-week high of $49.44. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 20.95 and a beta of 1.03.

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

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.36%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust’s payout ratio is currently 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.