D. Scott Neal Inc. Sells 7,477 Shares of National Storage Affiliates Trust (NYSE:NSA)

D. Scott Neal Inc. reduced its position in National Storage Affiliates Trust (NYSE:NSA) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 264,592 shares of the real estate investment trust’s stock after selling 7,477 shares during the quarter. National Storage Affiliates Trust comprises approximately 5.5% of D. Scott Neal Inc.’s portfolio, making the stock its 7th biggest position. D. Scott Neal Inc. owned approximately 0.35% of National Storage Affiliates Trust worth $10,031,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Edgestream Partners L.P. grew its position in National Storage Affiliates Trust by 32.3% during the 2nd quarter. Edgestream Partners L.P. now owns 92,639 shares of the real estate investment trust’s stock worth $3,819,000 after purchasing an additional 22,639 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in shares of National Storage Affiliates Trust by 10.1% during the second quarter. Axxcess Wealth Management LLC now owns 56,842 shares of the real estate investment trust’s stock worth $2,343,000 after buying an additional 5,193 shares during the period. Hsbc Holdings PLC boosted its stake in shares of National Storage Affiliates Trust by 12.9% during the second quarter. Hsbc Holdings PLC now owns 50,224 shares of the real estate investment trust’s stock worth $2,070,000 after buying an additional 5,729 shares during the period. XTX Topco Ltd purchased a new position in shares of National Storage Affiliates Trust during the second quarter worth about $495,000. Finally, Intech Investment Management LLC acquired a new position in National Storage Affiliates Trust in the 2nd quarter valued at about $1,197,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NSA has been the topic of several analyst reports. Barclays lowered their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Robert W. Baird upped 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. Jefferies Financial Group lifted their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company increased their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.06.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $35.83 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 $34.50 and a 52-week high of $49.44. The company has a 50-day simple moving average of $40.91 and a 200-day simple moving average of $43.19. The company has a market capitalization of $2.73 billion, a PE ratio of 20.95 and a beta of 1.03.

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 analysts’ consensus estimates of $0.60 by ($0.42). The company had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. Equities research 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 company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.36%. 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 payout ratio is presently 133.33%.

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.