Hunter Perkins Capital Management LLC Sells 2,175 Shares of National Storage Affiliates Trust (NYSE:NSA)

Hunter Perkins Capital Management LLC lowered its holdings in National Storage Affiliates Trust (NYSE:NSA) by 20.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,650 shares of the real estate investment trust’s stock after selling 2,175 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $328,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 257 shares during the period. SPC Financial Inc. boosted its stake in shares of National Storage Affiliates Trust by 4.8% during the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE boosted its stake in shares of 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 valued at $148,000 after purchasing an additional 360 shares in the last quarter. Versant Capital Management Inc increased its position in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares during the period. Finally, Loomis Sayles & Co. L P bought a new position in National Storage Affiliates Trust in the third quarter worth about $25,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

NSA opened at $36.76 on Monday. The firm has a market cap of $2.80 billion, a PE ratio of 21.50 and a beta of 1.03. The stock has a 50-day moving average price of $40.02 and a 200-day moving average price of $43.02. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

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

National Storage Affiliates Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 6.20%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 133.33%.

Analysts Set New Price Targets

Several research firms have weighed in on NSA. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. 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 note on Monday, January 13th. Robert W. Baird raised their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $43.06.

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.