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

Quest Partners LLC grew its stake in National Storage Affiliates Trust (NYSE:NSA) by 91.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,971 shares of the real estate investment trust’s stock after acquiring an additional 15,729 shares during the period. Quest Partners LLC’s holdings in National Storage Affiliates Trust were worth $1,589,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in National Storage Affiliates Trust by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock worth $122,301,000 after buying an additional 22,454 shares during the period. Natixis Advisors LLC increased its holdings in shares of National Storage Affiliates Trust by 5.1% during the third quarter. Natixis Advisors LLC now owns 75,724 shares of the real estate investment trust’s stock valued at $3,650,000 after acquiring an additional 3,657 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of National Storage Affiliates Trust by 3.0% in the third quarter. Empowered Funds LLC now owns 55,016 shares of the real estate investment trust’s stock worth $2,652,000 after buying an additional 1,618 shares during the last quarter. Metis Global Partners LLC raised its stake in National Storage Affiliates Trust by 30.0% in the 3rd quarter. Metis Global Partners LLC now owns 7,195 shares of the real estate investment trust’s stock worth $347,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of National Storage Affiliates Trust by 1,581.9% in the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock worth $11,650,000 after purchasing an additional 227,334 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on NSA shares. Citigroup upped their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Barclays boosted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Jefferies Financial Group increased their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Evercore ISI upped 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 report on Monday, September 16th. Finally, Truist Financial increased their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $43.36 on Tuesday. The business’s 50 day simple moving average is $45.08 and its 200-day simple moving average is $42.56. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 25.35 and a beta of 0.99. 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) last posted 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 company had revenue of $174.80 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.57 dividend. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 5.26%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 130.99%.

National Storage Affiliates Trust 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.