Bellevue Asset Management LLC Invests $39,000 in National Storage Affiliates Trust (NYSE:NSA)

Bellevue Asset Management LLC bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 800 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSA. Northwestern Mutual Wealth Management Co. acquired a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $39,000. Rothschild Investment LLC purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at $59,000. GAMMA Investing LLC grew its holdings in shares of National Storage Affiliates Trust by 174.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 927 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of National Storage Affiliates Trust by 48.1% during the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 661 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

NSA has been the subject of a number of recent research reports. KeyCorp cut shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Barclays upped their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday. Citigroup upped 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. Jefferies Financial Group increased their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Finally, Evercore ISI upped their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Three 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $42.83.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $42.44 on Thursday. The firm has a 50-day moving average of $45.90 and a 200-day moving average of $41.90. National Storage Affiliates Trust has a one year low of $27.96 and a one year high of $49.44. The company has a market cap of $3.18 billion, a PE ratio of 23.71 and a beta of 0.98. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). The company 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 business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. As a group, equities analysts forecast that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust’s payout ratio is presently 125.14%.

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.