Phocas Financial Corp. Has $5.69 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Phocas Financial Corp. lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 5.8% in the third quarter, Holdings Channel reports. The firm owned 118,045 shares of the real estate investment trust’s stock after selling 7,237 shares during the period. Phocas Financial Corp.’s holdings in National Storage Affiliates Trust were worth $5,690,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of National Storage Affiliates Trust during the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. bought a new position in National Storage Affiliates Trust during the second quarter worth about $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust in the second quarter valued at about $39,000. Bellevue Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust in the third quarter worth about $39,000. Finally, Rothschild Investment LLC acquired a new stake in shares of National Storage Affiliates Trust during the second quarter worth about $59,000. Institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

NSA has been the subject of a number of research reports. Evercore ISI increased their target price on 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. Barclays raised their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Jefferies Financial Group upped 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. Truist Financial increased their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Finally, KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $43.36 on Tuesday. The business’s 50 day moving average is $45.08 and its 200-day moving average is $42.56. The firm has a market cap of $3.31 billion, a P/E ratio of 25.35 and a beta of 0.99. National Storage Affiliates Trust has a 1-year low of $32.42 and a 1-year high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. During the same period in the previous year, the firm posted $0.67 EPS. The company’s revenue was down 20.2% compared to the same quarter last year. Equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.26%. 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. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

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.