Centaurus Financial Inc. Has $6.31 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Centaurus Financial Inc. trimmed its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,863 shares of the real estate investment trust’s stock after selling 10,323 shares during the quarter. Centaurus Financial Inc. owned approximately 0.17% of National Storage Affiliates Trust worth $6,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NSA. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in National Storage Affiliates Trust in the second quarter worth $33,000. Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust in the second quarter worth $39,000. Bellevue Asset Management LLC bought a new stake in National Storage Affiliates Trust in the 3rd quarter valued at about $39,000. Finally, Rothschild Investment LLC bought a new stake in National Storage Affiliates Trust in the 2nd quarter valued at about $59,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on NSA shares. Truist Financial boosted their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Friday, August 16th. 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 report on Wednesday, September 18th. Evercore ISI upped their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Barclays upped 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, KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.17.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $44.35 on Friday. 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’s 50 day simple moving average is $44.76 and its two-hundred day simple moving average is $42.74. National Storage Affiliates Trust has a fifty-two week low of $32.42 and a fifty-two week high of $49.44. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 25.94 and a beta of 0.99.

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

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 5.14%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is currently 130.99%.

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.