National Storage Affiliates Trust (NYSE:NSA) Stock Position Lessened by D. Scott Neal Inc.

D. Scott Neal Inc. trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,592 shares of the real estate investment trust’s stock after selling 7,477 shares during the period. National Storage Affiliates Trust comprises approximately 5.5% of D. Scott Neal Inc.’s holdings, making the stock its 7th biggest holding. D. Scott Neal Inc.’s holdings in National Storage Affiliates Trust were worth $10,031,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Long Pond Capital LP purchased a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $16,198,000. FMR LLC boosted its stake in shares of National Storage Affiliates Trust by 27.5% during the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after purchasing an additional 358,449 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of National Storage Affiliates Trust by 385.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock worth $20,300,000 after purchasing an additional 334,445 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of National Storage Affiliates Trust by 1,581.9% during the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock worth $11,650,000 after buying an additional 227,334 shares in the last quarter. Finally, Hancock Whitney Corp raised its position in shares of National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock valued at $10,035,000 after buying an additional 197,003 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NSA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays decreased their price objective on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday. Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group raised 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. Finally, Wells Fargo & Company upped their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of “Hold” and an average target price of $43.06.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $35.83 on Thursday. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 20.95 and a beta of 1.03. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month 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’s 50-day moving average is $40.91 and its 200-day moving average is $43.19.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly 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 analysts’ expectations of $185.45 million. During the same quarter in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was down 20.2% on a year-over-year basis. Equities 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.57 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.36%. National Storage Affiliates Trust’s payout ratio is presently 133.33%.

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.