Victory Capital Management Inc. Sells 1,451 Shares of National Storage Affiliates Trust (NYSE:NSA)

Victory Capital Management Inc. cut its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,371 shares of the real estate investment trust’s stock after selling 1,451 shares during the period. Victory Capital Management Inc.’s holdings in National Storage Affiliates Trust were worth $592,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NSA. Pasadena Private Wealth LLC increased its holdings in National Storage Affiliates Trust by 0.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock worth $1,186,000 after acquiring an additional 255 shares during the last quarter. Amalgamated Bank increased its stake in shares of National Storage Affiliates Trust by 0.7% during the first quarter. Amalgamated Bank now owns 49,038 shares of the real estate investment trust’s stock valued at $1,920,000 after buying an additional 326 shares during the period. Clear Creek Financial Management LLC grew its stake in National Storage Affiliates Trust by 1.5% in the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock worth $928,000 after purchasing an additional 339 shares during the period. Crossmark Global Holdings Inc. grew its stake in National Storage Affiliates Trust by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 354 shares during the period. Finally, Peak Financial Advisors LLC boosted its holdings in National Storage Affiliates Trust by 2.9% in the second quarter. Peak Financial Advisors LLC now owns 12,688 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 360 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Up 0.9 %

National Storage Affiliates Trust stock opened at $48.57 on Monday. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $49.25. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $3.64 billion, a PE ratio of 25.43 and a beta of 0.98. The business’s 50-day simple moving average is $44.92 and its two-hundred day simple moving average is $40.47.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The business had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. During the same quarter in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities analysts anticipate that National Storage Affiliates Trust will post 2.39 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.56 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.61%. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NSA. Robert W. Baird upped their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Citigroup lifted their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Wells Fargo & Company lifted their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Finally, Truist Financial upped 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. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and a consensus target price of $42.50.

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.