Retirement Systems of Alabama Lowers Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Retirement Systems of Alabama cut its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,877 shares of the real estate investment trust’s stock after selling 1,145 shares during the period. Retirement Systems of Alabama owned about 0.11% of National Storage Affiliates Trust worth $4,091,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in National Storage Affiliates Trust by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 257 shares in the last quarter. SPC Financial Inc. raised its stake in shares of National Storage Affiliates Trust by 4.8% in the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 300 shares in the last quarter. Clear Creek Financial Management LLC boosted its holdings in National Storage Affiliates Trust by 1.5% in the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 339 shares during the period. Crossmark Global Holdings Inc. grew its stake in National Storage Affiliates Trust by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 354 shares in the last quarter. Finally, US Bancorp DE increased its holdings in National Storage Affiliates Trust by 13.3% during the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 4.2 %

NSA opened at $37.20 on Friday. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $2.84 billion, a P/E ratio of 21.75 and a beta of 1.01. The business’s 50-day simple moving average is $43.18 and its 200-day simple moving average is $43.57.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. Analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 6.13%. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

Analyst Ratings Changes

NSA has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Robert W. Baird lifted their price objective on shares of 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. Barclays increased their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.17.

About National Storage Affiliates Trust

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.