Axxcess Wealth Management LLC Has $2.34 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Axxcess Wealth Management LLC lifted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 10.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,842 shares of the real estate investment trust’s stock after buying an additional 5,193 shares during the quarter. Axxcess Wealth Management LLC’s holdings in National Storage Affiliates Trust were worth $2,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NSA. Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at about $39,000. Rothschild Investment LLC bought a new stake in shares of National Storage Affiliates Trust during the second quarter valued at approximately $59,000. Signaturefd LLC grew its stake in shares of National Storage Affiliates Trust by 48.1% during 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust in the first quarter valued at approximately $113,000. Finally, Highland Capital Management LLC bought a new position in National Storage Affiliates Trust in the 2nd quarter worth approximately $212,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

NSA has been the subject of several research reports. Citigroup lifted their target price on 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. Barclays upped their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Evercore ISI lifted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Finally, Truist Financial raised their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.06.

National Storage Affiliates Trust Stock Performance

NSA opened at $48.15 on Wednesday. The business’s 50-day simple moving average is $44.52 and its 200 day simple moving average is $40.23. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $48.90. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $3.61 billion, a PE ratio of 25.21 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last issued 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 firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. National Storage Affiliates Trust’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.39 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.56 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 4.65%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 117.28%.

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.