Van ECK Associates Corp Grows Holdings in National Storage Affiliates Trust (NYSE:NSA)

Van ECK Associates Corp increased its stake in National Storage Affiliates Trust (NYSE:NSA) by 7.8% in the third quarter, Holdings Channel reports. The institutional investor owned 11,899 shares of the real estate investment trust’s stock after acquiring an additional 859 shares during the quarter. Van ECK Associates Corp’s holdings in National Storage Affiliates Trust were worth $574,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NSA. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $33,000. Ashton Thomas Private Wealth LLC bought a new position in National Storage Affiliates Trust during the 2nd quarter worth approximately $39,000. Bellevue Asset Management LLC acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $39,000. Rothschild Investment LLC bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at approximately $59,000. Finally, GAMMA Investing LLC raised its position in shares of National Storage Affiliates Trust by 174.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 927 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on NSA shares. Citigroup increased their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. KeyCorp cut shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Jefferies Financial Group raised their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Evercore ISI upped their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Trading Down 1.8 %

NYSE:NSA opened at $42.44 on Wednesday. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 25.12 and a beta of 0.99. 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 1 year low of $29.55 and a 1 year high of $49.44. The business has a fifty day moving average of $45.38 and a 200-day moving average of $42.35.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. During the same period in the previous year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. Equities analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.28%. National Storage Affiliates Trust’s 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.