National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by SPC Financial Inc.

SPC Financial Inc. grew its position in National Storage Affiliates Trust (NYSE:NSA) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the real estate investment trust’s stock after purchasing an additional 300 shares during the period. SPC Financial Inc.’s holdings in National Storage Affiliates Trust were worth $258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NSA. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. Versant Capital Management Inc lifted its stake in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $29,000. Venturi Wealth Management LLC lifted its stake in shares of National Storage Affiliates Trust by 514.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,215 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of National Storage Affiliates Trust by 94.3% in the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,869 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

NSA stock opened at $38.81 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52-week low of $34.59 and a 52-week high of $49.44. The stock’s 50 day moving average is $37.45 and its two-hundred day moving average is $41.94. The company has a market capitalization of $2.96 billion, a PE ratio of 22.70 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 5.87%. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays reduced their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Robert W. Baird boosted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $42.56.

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.