D. Scott Neal Inc. Trims Stock Holdings in National Storage Affiliates Trust $NSA

D. Scott Neal Inc. lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,235 shares of the real estate investment trust’s stock after selling 1,458 shares during the quarter. National Storage Affiliates Trust accounts for about 4.1% of D. Scott Neal Inc.’s portfolio, making the stock its 8th biggest position. D. Scott Neal Inc. owned about 0.33% of National Storage Affiliates Trust worth $8,197,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. GW&K Investment Management LLC raised its position in shares of National Storage Affiliates Trust by 0.6% during the first quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust’s stock worth $30,658,000 after purchasing an additional 4,609 shares during the period. Alliancebernstein L.P. raised its position in shares of National Storage Affiliates Trust by 5.3% during the first quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust’s stock worth $30,131,000 after purchasing an additional 38,573 shares during the period. Nuveen Asset Management LLC raised its position in shares of National Storage Affiliates Trust by 0.7% during the fourth quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust’s stock worth $23,463,000 after purchasing an additional 4,363 shares during the period. Nuveen LLC acquired a new stake in shares of National Storage Affiliates Trust during the first quarter worth about $23,134,000. Finally, LPL Financial LLC raised its position in shares of National Storage Affiliates Trust by 0.3% during the first quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust’s stock worth $21,100,000 after purchasing an additional 1,713 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Truist Financial dropped their price target on National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, August 25th. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird dropped their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Reduce” and a consensus price target of $36.45.

National Storage Affiliates Trust Stock Down 1.4%

NYSE:NSA opened at $31.93 on Monday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 51.50 and a beta of 1.09. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. The stock’s 50 day moving average price is $31.39 and its two-hundred day moving average price is $34.09. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 7.1%. National Storage Affiliates Trust’s payout ratio is 367.74%.

National Storage Affiliates Trust Company 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.