National Storage Affiliates Trust $NSA Stock Position Lowered by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its position in National Storage Affiliates Trust (NYSE:NSA) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,501 shares of the real estate investment trust’s stock after selling 2,283 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.17% of National Storage Affiliates Trust worth $4,079,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. GW&K Investment Management LLC lifted its position in shares of National Storage Affiliates Trust by 0.6% in the 1st quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust’s stock valued at $30,658,000 after acquiring an additional 4,609 shares in the last quarter. Alliancebernstein L.P. lifted its position in National Storage Affiliates Trust by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust’s stock worth $30,131,000 after buying an additional 38,573 shares in the last quarter. Nuveen LLC purchased a new stake in National Storage Affiliates Trust in the 1st quarter worth approximately $23,134,000. LPL Financial LLC lifted its position in National Storage Affiliates Trust by 0.3% in the 1st quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust’s stock worth $21,100,000 after buying an additional 1,713 shares in the last quarter. Finally, Invesco Ltd. lifted its position in National Storage Affiliates Trust by 4.8% in the 1st quarter. Invesco Ltd. now owns 497,003 shares of the real estate investment trust’s stock worth $19,582,000 after buying an additional 22,641 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $29.89 on Monday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50-day simple moving average is $31.24 and its 200-day simple moving average is $33.82. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. The firm has a market cap of $2.29 billion, a P/E ratio of 48.21 and a beta of 1.09.

National Storage Affiliates Trust (NYSE:NSA) last issued its 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). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. During the same quarter last year, the firm posted $0.21 earnings per share. National Storage Affiliates Trust’s revenue was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, research analysts expect that National Storage Affiliates Trust will post 2.4 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 Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust’s payout ratio is 367.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NSA shares. BNP Paribas upgraded shares of National Storage Affiliates Trust to a “strong sell” rating in a research report on Tuesday, June 24th. Barclays cut their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Evercore ISI increased their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research report on Monday, September 15th. Wall Street Zen upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Truist Financial dropped their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, August 25th. Six equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $33.64.

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.