National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Barclays PLC

Barclays PLC reduced its holdings in National Storage Affiliates Trust (NYSE:NSA) by 48.4% during the 3rd quarter, Holdings Channel reports. The firm owned 55,389 shares of the real estate investment trust’s stock after selling 51,967 shares during the quarter. Barclays PLC’s holdings in National Storage Affiliates Trust were worth $2,670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NSA. Crossmark Global Holdings Inc. grew its stake in National Storage Affiliates Trust by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 354 shares during the period. Signaturefd LLC grew its position in shares of National Storage Affiliates Trust by 48.1% in the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 661 shares during the period. Rothschild Investment LLC purchased a new stake in shares of National Storage Affiliates Trust during the second quarter worth about $59,000. Concurrent Investment Advisors LLC acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth about $231,000. Finally, J. W. Coons Advisors LLC lifted its stake in National Storage Affiliates Trust by 12.1% in the 2nd quarter. J. W. Coons Advisors LLC now owns 5,840 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 631 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NSA has been the subject of several research reports. Robert W. Baird boosted their price objective 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. 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 note on Monday, September 16th. Citigroup lifted 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 research note on Friday, August 30th. Jefferies Financial Group increased their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company raised their price target 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average price target of $43.17.

National Storage Affiliates Trust Trading Up 0.4 %

Shares of NSA stock opened at $38.05 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The company’s 50-day moving average price is $42.92 and its 200-day moving average price is $43.64. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 22.25 and a beta of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate 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 net margin of 20.59% and a return on equity of 10.35%. The business’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 firm earned $0.67 earnings per share. As a group, equities analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.99%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

About National Storage Affiliates Trust

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.