Charles Schwab Investment Management Inc. Purchases 43,074 Shares of National Storage Affiliates Trust (NYSE:NSA)

Charles Schwab Investment Management Inc. increased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 989,045 shares of the real estate investment trust’s stock after purchasing an additional 43,074 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in National Storage Affiliates Trust were worth $47,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NSA. Long Pond Capital LP bought a new stake in National Storage Affiliates Trust in the 2nd quarter valued at about $16,198,000. Victory Capital Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 1,581.9% during the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock valued at $11,650,000 after purchasing an additional 227,334 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth about $5,406,000. Manning & Napier Advisors LLC acquired a new stake in shares of National Storage Affiliates Trust during the second quarter worth $4,534,000. Finally, Los Angeles Capital Management LLC lifted its stake in shares of National Storage Affiliates Trust by 202.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 147,819 shares of the real estate investment trust’s stock valued at $7,125,000 after purchasing an additional 99,024 shares during the period. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $45.10 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 26.37 and a beta of 0.99. National Storage Affiliates Trust has a 12-month low of $32.83 and a 12-month high of $49.44. The stock has a 50 day simple moving average of $44.44 and a 200-day simple moving average of $43.12.

National Storage Affiliates Trust (NYSE:NSA) last released its 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 company had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $185.45 million. During the same quarter in the previous year, the firm posted $0.67 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% compared to the same quarter last year. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.06%. 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 130.99%.

Wall Street Analyst Weigh In

NSA has been the topic of a number of recent research reports. 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 note on Monday, September 16th. Citigroup raised their price objective 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. Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group raised 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. Finally, KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.17.

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.