Quest Partners LLC Acquires 15,729 Shares of National Storage Affiliates Trust (NYSE:NSA)

Quest Partners LLC lifted its position in National Storage Affiliates Trust (NYSE:NSA) by 91.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,971 shares of the real estate investment trust’s stock after acquiring an additional 15,729 shares during the period. Quest Partners LLC’s holdings in National Storage Affiliates Trust were worth $1,589,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NSA. Thrivent Financial for Lutherans grew its holdings in shares of National Storage Affiliates Trust by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock worth $122,301,000 after buying an additional 22,454 shares in the last quarter. Natixis Advisors LLC raised its stake in National Storage Affiliates Trust by 5.1% in the third quarter. Natixis Advisors LLC now owns 75,724 shares of the real estate investment trust’s stock valued at $3,650,000 after buying an additional 3,657 shares during the period. Empowered Funds LLC boosted its position in National Storage Affiliates Trust by 3.0% during the third quarter. Empowered Funds LLC now owns 55,016 shares of the real estate investment trust’s stock worth $2,652,000 after purchasing an additional 1,618 shares during the period. Metis Global Partners LLC boosted its holdings in shares of National Storage Affiliates Trust by 30.0% during the 3rd quarter. Metis Global Partners LLC now owns 7,195 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 1,659 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings 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 worth $11,650,000 after acquiring an additional 227,334 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 0.5 %

Shares of NSA opened at $43.36 on Tuesday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $3.31 billion, a P/E ratio of 25.35 and a beta of 0.99. The stock has a 50 day simple moving average of $45.08 and a two-hundred day simple moving average of $42.56. National Storage Affiliates Trust has a 1 year low of $32.42 and a 1 year high of $49.44.

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 analysts’ consensus estimates of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.26%. This is an increase 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 130.99%.

Analysts Set New Price Targets

A number of research firms have commented on NSA. Jefferies Financial Group raised their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Citigroup increased 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 note on Friday, August 30th. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. 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 report on Monday, September 16th. Finally, Robert W. Baird boosted their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.17.

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.