National Storage Affiliates Trust (NYSE:NSA) Shares Sold by XML Financial LLC

XML Financial LLC lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,965 shares of the real estate investment trust’s stock after selling 3,025 shares during the period. XML Financial LLC owned about 0.07% of National Storage Affiliates Trust worth $2,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NSA. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust during the 3rd quarter worth $25,000. Versant Capital Management Inc boosted its stake in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust during the third quarter worth about $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust in the 2nd quarter valued at about $33,000. Finally, Bellevue Asset Management LLC purchased a new stake in National Storage Affiliates Trust during the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $36.89 on Wednesday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The firm has a market capitalization of $2.81 billion, a P/E ratio of 21.57 and a beta of 1.03. The company’s fifty day moving average is $40.51 and its two-hundred day moving average is $43.12.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. Analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 6.18%. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

NSA has been the topic of several analyst reports. Barclays lowered their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Robert W. Baird lifted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company raised their target price 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.06.

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.