AdvisorShares Investments LLC Invests $467,000 in National Storage Affiliates Trust (NYSE:NSA)

AdvisorShares Investments LLC purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,610 shares of the real estate investment trust’s stock, valued at approximately $467,000.

A number of other hedge funds have also recently modified their holdings of NSA. Pasadena Private Wealth LLC raised its holdings 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 buying an additional 255 shares during the period. Amalgamated Bank raised its stake in shares of National Storage Affiliates Trust by 0.7% in the 1st quarter. Amalgamated Bank now owns 49,038 shares of the real estate investment trust’s stock valued at $1,920,000 after acquiring an additional 326 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of 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 worth $928,000 after acquiring an additional 339 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of National Storage Affiliates Trust by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock worth $768,000 after purchasing an additional 354 shares during the period. Finally, Peak Financial Advisors LLC increased its holdings in National Storage Affiliates Trust by 2.9% in the 2nd quarter. Peak Financial Advisors LLC now owns 12,688 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 1.0 %

Shares of National Storage Affiliates Trust stock opened at $46.65 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $47.45. The company has a market capitalization of $3.50 billion, a P/E ratio of 24.42 and a beta of 0.98. The company has a 50 day moving average of $43.81 and a 200 day moving average of $39.81.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

Analysts Set New Price Targets

NSA has been the subject of several research analyst reports. Evercore ISI raised their price target on National Storage Affiliates Trust from $38.00 to $40.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company raised their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, July 26th. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday. Robert W. Baird increased their price target on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Citigroup lifted their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.94.

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.