Transcendent Capital Group LLC Invests $334,000 in National Storage Affiliates Trust (NYSE:NSA)

Transcendent Capital Group LLC purchased a new stake in National Storage Affiliates Trust (NYSE:NSA) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,927 shares of the real estate investment trust’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Swedbank AB bought a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $16,056,000. Long Pond Capital LP acquired a new stake in National Storage Affiliates Trust during the second quarter worth approximately $16,198,000. Ontario Teachers Pension Plan Board increased its stake in National Storage Affiliates Trust by 94.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 244,300 shares of the real estate investment trust’s stock worth $9,567,000 after acquiring an additional 118,341 shares during the period. Manning & Napier Advisors LLC bought a new position in National Storage Affiliates Trust during the 2nd quarter worth $4,534,000. Finally, Leeward Investments LLC MA raised its holdings in National Storage Affiliates Trust by 30.9% in the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after acquiring an additional 97,786 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Up 1.6 %

NYSE NSA opened at $43.68 on Friday. National Storage Affiliates Trust has a twelve month low of $29.55 and a twelve month high of $49.44. The business’s fifty day moving average is $45.45 and its 200 day moving average is $42.25. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 25.54 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results 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 business had revenue of $174.80 million for 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.56 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 5.13%. National Storage Affiliates Trust’s payout ratio is 130.99%.

Analyst Upgrades and Downgrades

NSA has been the topic of several analyst reports. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Jefferies Financial Group raised 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 report on Wednesday, September 18th. Citigroup boosted their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. Truist Financial upped their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Finally, Evercore ISI boosted their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Three 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.17.

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.