Anchor Capital Advisors LLC Sells 23,726 Shares of National Storage Affiliates Trust (NYSE:NSA)

Anchor Capital Advisors LLC lessened its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 980,081 shares of the real estate investment trust’s stock after selling 23,726 shares during the period. Anchor Capital Advisors LLC’s holdings in National Storage Affiliates Trust were worth $40,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSA. Rothschild Investment LLC acquired a new position in National Storage Affiliates Trust in the second quarter valued at about $59,000. Signaturefd LLC raised its position in shares of National Storage Affiliates Trust by 48.1% in the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 661 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth approximately $113,000. Metis Global Partners LLC bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $210,000. Finally, Highland Capital Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $212,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on NSA. Evercore ISI upped their target price on National Storage Affiliates Trust from $38.00 to $40.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company upped their price objective on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Robert W. Baird lifted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. 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. Finally, Barclays raised their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and an average target price of $39.94.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $46.47 on Friday. The stock’s 50-day moving average is $43.55 and its 200-day moving average is $39.61. The stock has a market cap of $3.48 billion, a P/E ratio of 24.33 and a beta of 0.98. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $47.42. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The business had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. Equities research analysts anticipate that National Storage Affiliates Trust will post 2.39 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Friday, September 13th. National Storage Affiliates Trust’s payout ratio is presently 117.28%.

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.