National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc boosted its stake in National Storage Affiliates Trust (NYSE:NSA) by 233.6% during the 4th quarter, HoldingsChannel reports. The fund owned 734 shares of the real estate investment trust’s stock after buying an additional 514 shares during the period. Versant Capital Management Inc’s holdings in National Storage Affiliates Trust were worth $28,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new stake in National Storage Affiliates Trust during the third quarter valued at approximately $29,000. Bellevue Asset Management LLC bought a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $39,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $33,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at approximately $39,000. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays raised their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI raised their price target on shares of 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. Jefferies Financial Group boosted their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Robert W. Baird raised their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus price target of $42.94.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $37.14 on Wednesday. The firm’s 50 day moving average is $41.72 and its two-hundred day moving average is $43.44. The firm has a market capitalization of $2.83 billion, a P/E ratio of 21.72 and a beta of 1.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44.

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

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is currently 133.33%.

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.