Associated Banc Corp Sells 661 Shares of National Storage Affiliates Trust (NYSE:NSA)

Associated Banc Corp lowered its position in National Storage Affiliates Trust (NYSE:NSA) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,333 shares of the real estate investment trust’s stock after selling 661 shares during the period. Associated Banc Corp’s holdings in National Storage Affiliates Trust were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pasadena Private Wealth LLC raised its position in National Storage Affiliates Trust by 0.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 255 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position 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. grew its holdings in 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 worth $268,000 after acquiring an additional 300 shares during the last quarter. Clear Creek Financial Management LLC increased its position in National Storage Affiliates Trust by 1.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after acquiring an additional 339 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of National Storage Affiliates Trust by 1.9% in the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after acquiring an additional 354 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Down 0.1 %

NSA opened at $45.08 on Wednesday. The firm’s fifty day moving average is $44.69 and its two-hundred day moving average is $42.89. The firm has a market cap of $3.44 billion, a PE ratio of 26.36 and a beta of 0.99. National Storage Affiliates Trust has a twelve month low of $32.42 and a twelve month 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.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. During the same quarter in the prior year, the company earned $0.67 EPS. National Storage Affiliates Trust’s quarterly revenue was down 20.2% on a year-over-year basis. Equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s payout ratio is 130.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NSA. Robert W. Baird increased their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Truist Financial lifted their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Barclays boosted their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Citigroup raised their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued 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 $43.17.

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.