Natixis Advisors LLC Grows Stake in National Storage Affiliates Trust (NYSE:NSA)

Natixis Advisors LLC increased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 5.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 75,724 shares of the real estate investment trust’s stock after purchasing an additional 3,657 shares during the period. Natixis Advisors LLC’s holdings in National Storage Affiliates Trust were worth $3,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSA. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at $29,000. Bellevue Asset Management LLC bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth about $33,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $39,000. Finally, Rothschild Investment LLC bought a new position in shares of National Storage Affiliates Trust during the second quarter valued at $59,000. 99.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NSA has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price target on 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. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Robert W. Baird boosted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Citigroup raised their price objective on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $44.35 on Friday. National Storage Affiliates Trust has a 1-year low of $32.42 and a 1-year high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 25.94 and a beta of 0.99. The firm has a 50 day simple moving average of $44.76 and a 200-day simple moving average of $42.74.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $185.45 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue was down 20.2% compared to the same quarter last year. On average, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.57 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 5.14%. National Storage Affiliates Trust’s dividend payout ratio is presently 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.