Kennedy Capital Management LLC Has $11.20 Million Stake in National Storage Affiliates Trust (NYSE:NSA)

Kennedy Capital Management LLC decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 51.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,024 shares of the real estate investment trust’s stock after selling 307,851 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.38% of National Storage Affiliates Trust worth $11,201,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp raised its position in National Storage Affiliates Trust by 436.8% during the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 961 shares during the last quarter. SG Americas Securities LLC bought a new position in National Storage Affiliates Trust during the 1st quarter worth $113,000. Metis Global Partners LLC bought a new position in National Storage Affiliates Trust during the 4th quarter worth $210,000. Colonial River Wealth Management LLC bought a new position in National Storage Affiliates Trust during the 4th quarter worth $220,000. Finally, Blue Trust Inc. raised its position in shares of National Storage Affiliates Trust by 2,584.0% in the 4th quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 5,168 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NSA shares. Evercore ISI boosted their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underperform” rating in a research report on Monday, July 15th. Wells Fargo & Company boosted their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.44.

National Storage Affiliates Trust Stock Down 0.4 %

Shares of NSA stock traded down $0.18 during mid-day trading on Tuesday, hitting $43.42. The company’s stock had a trading volume of 753,427 shares, compared to its average volume of 778,506. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $46.84. The business has a 50-day moving average price of $40.54 and a 200 day moving average price of $38.26. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 22.82 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The company had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. National Storage Affiliates Trust’s revenue was down 5.7% compared to the same quarter last year. Research analysts predict that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.16%. The ex-dividend date of this dividend was Friday, June 14th. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

Insider Buying and Selling

In related news, Director Chad Leroy Meisinger purchased 18,405 shares of the business’s stock in a transaction on Friday, June 7th. The stock was acquired at an average price of $37.74 per share, with a total value of $694,604.70. Following the completion of the acquisition, the director now owns 114,155 shares of the company’s stock, valued at approximately $4,308,209.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.00% of the stock is currently owned by corporate insiders.

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.