AlphaQuest LLC Lowers Stock Holdings in National Storage Affiliates Trust $NSA

AlphaQuest LLC cut its holdings in National Storage Affiliates Trust (NYSE:NSA) by 39.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 50,769 shares of the real estate investment trust’s stock after selling 33,028 shares during the period. AlphaQuest LLC owned 0.07% of National Storage Affiliates Trust worth $1,534,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NSA. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the first quarter valued at $32,000. Farther Finance Advisors LLC boosted its stake in National Storage Affiliates Trust by 339.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 635 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in National Storage Affiliates Trust in the 3rd quarter valued at about $41,000. Finally, GAMMA Investing LLC increased its stake in shares of National Storage Affiliates Trust by 21.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

NSA has been the topic of several research analyst reports. KeyCorp reissued a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Thursday, January 22nd. Mizuho boosted their price objective on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Finally, Wall Street Zen cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Ten analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average price target of $32.50.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $31.77 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. The company has a market cap of $2.45 billion, a PE ratio of 52.08 and a beta of 1.18. The company’s fifty day simple moving average is $30.07 and its 200-day simple moving average is $30.52. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62.

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

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is presently 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.