Malaga Cove Capital LLC Sells 327 Shares of National Storage Affiliates Trust (NYSE:NSA)

Malaga Cove Capital LLC lowered its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.9% in the third quarter, Holdings Channel.com reports. The firm owned 10,792 shares of the real estate investment trust’s stock after selling 327 shares during the period. Malaga Cove Capital LLC’s holdings in National Storage Affiliates Trust were worth $520,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NSA. Allspring Global Investments Holdings LLC grew its position in shares of National Storage Affiliates Trust by 6.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,332 shares of the real estate investment trust’s stock valued at $405,000 after acquiring an additional 616 shares during the period. BNP Paribas Financial Markets increased its position in National Storage Affiliates Trust by 86.2% in the first quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock worth $3,350,000 after buying an additional 39,609 shares during the last quarter. Janney Montgomery Scott LLC increased its position in National Storage Affiliates Trust by 10.0% in the first quarter. Janney Montgomery Scott LLC now owns 27,161 shares of the real estate investment trust’s stock worth $1,064,000 after buying an additional 2,462 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of National Storage Affiliates Trust by 6.9% in the first quarter. Daiwa Securities Group Inc. now owns 25,086 shares of the real estate investment trust’s stock valued at $982,000 after buying an additional 1,611 shares during the period. Finally, SPC Financial Inc. lifted its position in shares of National Storage Affiliates Trust by 6.9% during the 1st quarter. SPC Financial Inc. now owns 6,200 shares of the real estate investment trust’s stock valued at $243,000 after buying an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

NSA has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Truist Financial lifted their price objective on shares of 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. Jefferies Financial Group increased their target price 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. Evercore ISI lifted their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Finally, Barclays increased 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. Three research 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.com, National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $42.32 on Thursday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 24.75 and a beta of 0.99. 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 fifty day moving average of $45.57 and a 200 day moving average of $42.14. National Storage Affiliates Trust has a 52-week low of $29.55 and a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly 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 business had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business’s revenue was down 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. On average, research analysts expect that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 130.99%.

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.