Arkadios Wealth Advisors Boosts Position in National Storage Affiliates Trust (NYSE:NSA)

Arkadios Wealth Advisors raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,465 shares of the real estate investment trust’s stock after buying an additional 700 shares during the quarter. Arkadios Wealth Advisors’ holdings in National Storage Affiliates Trust were worth $408,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its holdings in shares of National Storage Affiliates Trust by 3.8% during the second quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock worth $103,665,000 after purchasing an additional 90,925 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of National Storage Affiliates Trust by 2.5% during the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after purchasing an additional 23,181 shares in the last quarter. Leeward Investments LLC MA grew its holdings in shares of National Storage Affiliates Trust by 30.9% during the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock worth $17,095,000 after purchasing an additional 97,786 shares in the last quarter. Swedbank AB purchased a new position in shares of National Storage Affiliates Trust during the first quarter worth about $16,056,000. Finally, Long Pond Capital LP purchased a new position in shares of National Storage Affiliates Trust during the second quarter worth about $16,198,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $42.44 on Thursday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a fifty-two week low of $27.96 and a fifty-two week high of $49.44. The stock has a 50 day moving average price of $45.93 and a two-hundred day moving average price of $41.90. The company has a market capitalization of $3.18 billion, a P/E ratio of 23.73 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). The company had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 EPS. Analysts expect that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on NSA. Wells Fargo & Company boosted their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Citigroup boosted their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Robert W. Baird boosted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI boosted their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and an average target price of $42.83.

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.