Navellier & Associates Inc. Sells 2,952 Shares of National Storage Affiliates Trust (NYSE:NSA)

Navellier & Associates Inc. reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 21.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,638 shares of the real estate investment trust’s stock after selling 2,952 shares during the period. Navellier & Associates Inc.’s holdings in National Storage Affiliates Trust were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NSA. Thrivent Financial for Lutherans raised its holdings in shares of National Storage Affiliates Trust by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock worth $122,301,000 after acquiring an additional 22,454 shares during the period. Leeward Investments LLC MA raised its stake in shares of National Storage Affiliates Trust by 30.9% in the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after purchasing an additional 97,786 shares during the period. Swedbank AB bought a new stake in shares of National Storage Affiliates Trust in the first quarter valued at about $16,056,000. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth about $16,198,000. Finally, Sei Investments Co. grew its holdings in shares of National Storage Affiliates Trust by 9.1% during the second quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust’s stock worth $16,034,000 after buying an additional 32,544 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.9 %

NSA stock opened at $44.29 on Friday. National Storage Affiliates Trust has a 1-year low of $32.42 and a 1-year high of $49.44. The business’s 50 day simple moving average is $44.89 and its 200 day simple moving average is $42.68. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $3.38 billion, a PE ratio of 25.68 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA) last released 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). The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.15%. National Storage Affiliates Trust’s payout ratio is 130.99%.

Analyst Ratings Changes

A number of research firms have weighed in on NSA. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Wells Fargo & Company boosted 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 report on Monday, October 21st. Evercore ISI raised their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Jefferies Financial Group lifted their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.17.

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.