Johnson & White Wealth Management LLC Makes New $228,000 Investment in National Storage Affiliates Trust (NYSE:NSA)

Johnson & White Wealth Management LLC purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,106 shares of the real estate investment trust’s stock, valued at approximately $228,000.

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

Analysts Set New Price Targets

NSA has been the topic of several analyst reports. Wells Fargo & Company increased their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the company from $40.00 to $38.00 in a report on Friday. Barclays lowered their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday. Robert W. Baird increased their price objective on 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. Finally, Evercore ISI increased their price objective on 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.06.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $36.33 on Tuesday. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The firm has a market cap of $2.77 billion, a PE ratio of 21.25 and a beta of 1.03. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The business has a fifty day moving average of $41.19 and a 200-day moving average of $43.28.

National Storage Affiliates Trust (NYSE:NSA) 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 firm had revenue of $174.80 million during 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%. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date was 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 (DPR) is currently 133.33%.

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.