Hennion & Walsh Asset Management Inc. Has $908,000 Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Hennion & Walsh Asset Management Inc. reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 18.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,828 shares of the real estate investment trust’s stock after selling 4,268 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in National Storage Affiliates Trust were worth $908,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NSA. Wasatch Advisors LP grew its stake in National Storage Affiliates Trust by 20.3% during the first quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock worth $257,025,000 after buying an additional 1,108,176 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of National Storage Affiliates Trust by 3.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock worth $103,665,000 after acquiring an additional 90,925 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 2.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after acquiring an additional 23,181 shares in the last quarter. Leeward Investments LLC MA increased its stake in National Storage Affiliates Trust by 30.9% in the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after acquiring an additional 97,786 shares during the last quarter. Finally, Swedbank AB acquired a new position in National Storage Affiliates Trust during the first quarter valued at approximately $16,056,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $42.85 on Monday. The business has a 50 day moving average of $45.95 and a 200-day moving average of $41.79. The company has a market capitalization of $3.21 billion, a P/E ratio of 22.43 and a beta of 0.98. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $49.44. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). The business had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust’s payout ratio is presently 117.28%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NSA. Barclays raised their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Wells Fargo & Company boosted their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Evercore ISI raised their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Finally, Truist Financial lifted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and an average price target of $42.72.

National Storage Affiliates Trust 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.