J. W. Coons Advisors LLC Increases Position in National Storage Affiliates Trust (NYSE:NSA)

J. W. Coons Advisors LLC increased its position in National Storage Affiliates Trust (NYSE:NSA) by 19.9% in the third quarter, HoldingsChannel.com reports. The fund owned 7,000 shares of the real estate investment trust’s stock after buying an additional 1,160 shares during the period. J. W. Coons Advisors LLC’s holdings in National Storage Affiliates Trust were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSA. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust during the third quarter worth about $29,000. Bellevue Asset Management LLC purchased a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at $39,000. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust during the second quarter valued at $33,000. Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $39,000. Finally, Rothschild Investment LLC purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at about $59,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NSA shares. Citigroup upped their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Barclays lifted 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 report on Monday, October 28th. Finally, Jefferies Financial Group increased their target price on shares of 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $43.13 on Monday. 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 business has a 50 day simple moving average of $45.08 and a two-hundred day simple moving average of $42.51. The stock has a market capitalization of $3.29 billion, a P/E ratio of 25.22 and a beta of 0.99. National Storage Affiliates Trust has a 12 month low of $32.42 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same period in the prior year, the company posted $0.67 earnings per share. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 EPS 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. Investors of record on Friday, December 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a yield of 5.29%. National Storage Affiliates Trust’s payout ratio is presently 130.99%.

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.