Oak Thistle LLC Increases Stock Position in National Storage Affiliates Trust $NSA

Oak Thistle LLC grew its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 144.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,321 shares of the real estate investment trust’s stock after purchasing an additional 20,297 shares during the quarter. Oak Thistle LLC’s holdings in National Storage Affiliates Trust were worth $1,037,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in NSA. HighTower Advisors LLC acquired a new position in National Storage Affiliates Trust during the first quarter worth approximately $332,000. Peregrine Capital Management LLC grew its position in shares of National Storage Affiliates Trust by 7.0% during the second quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock worth $4,703,000 after acquiring an additional 9,593 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of National Storage Affiliates Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock valued at $3,637,000 after acquiring an additional 27,546 shares during the period. Capital Fund Management S.A. purchased a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $1,167,000. Finally, Graham Capital Management L.P. raised its position in National Storage Affiliates Trust by 564.4% in the 1st quarter. Graham Capital Management L.P. now owns 56,859 shares of the real estate investment trust’s stock valued at $2,240,000 after purchasing an additional 48,301 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NSA shares. Wall Street Zen upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. UBS Group lowered their price target on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, National Bankshares set a $32.00 target price on National Storage Affiliates Trust in a research note on Friday, December 5th. Ten equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $28.41 on Friday. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $40.62. The company has a 50-day moving average price of $29.97 and a 200 day moving average price of $31.03. The company has a market cap of $2.19 billion, a P/E ratio of 46.57 and a beta of 1.19. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $188.70 million during the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 8.0%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 373.77%.

National Storage Affiliates Trust 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.