National Storage Affiliates Trust (NYSE:NSA) Sees Significant Growth in Short Interest

National Storage Affiliates Trust (NYSE:NSA) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 7,316,926 shares, an increase of 30.7% from the November 30th total of 5,598,600 shares. Based on an average daily volume of 1,167,598 shares, the days-to-cover ratio is presently 6.3 days. Currently, 11.0% of the shares of the company are sold short. Currently, 11.0% of the shares of the company are sold short. Based on an average daily volume of 1,167,598 shares, the days-to-cover ratio is presently 6.3 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho cut their price objective on shares of National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a research note on Tuesday, November 4th. Truist Financial lowered their price objective on shares of National Storage Affiliates Trust from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, December 17th. Finally, Evercore ISI boosted their target price on National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a report on Monday, September 15th. Ten analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and a consensus price target of $33.09.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC raised its position in National Storage Affiliates Trust by 339.6% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares in the last quarter. UMB Bank n.a. lifted its stake in National Storage Affiliates Trust by 71.9% in the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 379 shares during the last quarter. Jones Financial Companies Lllp grew its position in National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth $41,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Up 1.2%

Shares of NSA traded up $0.35 during mid-day trading on Tuesday, reaching $28.44. The company’s stock had a trading volume of 1,029,607 shares, compared to its average volume of 1,104,778. The business has a fifty day moving average of $29.37 and a 200 day moving average of $30.67. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 46.61 and a beta of 1.19. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 1 year low of $27.47 and a 1 year high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $188.70 million for the quarter, compared to analysts’ expectations of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 8.0%. National Storage Affiliates Trust’s payout ratio is 373.77%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.