National Storage Affiliates Trust $NSA Shares Bought by Oak Thistle LLC

Oak Thistle LLC raised its stake in National Storage Affiliates Trust (NYSE:NSA) by 144.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 34,321 shares of the real estate investment trust’s stock after buying an additional 20,297 shares during the quarter. Oak Thistle LLC’s holdings in National Storage Affiliates Trust were worth $1,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NSA. GAMMA Investing LLC grew its holdings in shares of National Storage Affiliates Trust by 48.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,594 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 846 shares during the period. Osaic Holdings Inc. raised its holdings in National Storage Affiliates Trust by 43.5% during the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 541 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in National Storage Affiliates Trust during the second quarter worth $5,012,000. Kestra Investment Management LLC grew its holdings in National Storage Affiliates Trust by 25.3% in the second quarter. Kestra Investment Management LLC now owns 6,306 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 1,272 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in National Storage Affiliates Trust in the second quarter valued at $392,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial decreased 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 report on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. UBS Group reduced their price target on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. National Bankshares set a $32.00 price objective on shares of National Storage Affiliates Trust in a research note on Friday, December 5th. Finally, Morgan Stanley upgraded National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $30.00 to $32.00 in a research report on Friday, December 5th. Ten analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $28.41 on Friday. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $40.62. The stock has a market capitalization of $2.19 billion, a P/E ratio of 46.57 and a beta of 1.19. The firm’s 50-day moving average is $29.97 and its two-hundred day moving average is $31.03. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, December 15th. This represents a $2.28 annualized dividend and a dividend yield of 8.0%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 373.77%.

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.