National Storage Affiliates Trust (NYSE:NSA) Short Interest Up 30.7% in December

National Storage Affiliates Trust (NYSE:NSA) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 7,316,926 shares, an increase of 30.7% from the November 30th total of 5,598,600 shares. Approximately 11.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,167,598 shares, the short-interest ratio is presently 6.3 days. Based on an average daily trading volume, of 1,167,598 shares, the short-interest ratio is presently 6.3 days. Approximately 11.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NSA. KeyCorp reissued a “sector weight” rating on shares of National Storage Affiliates Trust in a research note on Tuesday, November 4th. National Bankshares set a $32.00 price objective on National Storage Affiliates Trust in a research report on Friday, December 5th. Mizuho reduced their price objective on National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Ten investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Reduce” and an average target price of $33.09.

National Storage Affiliates Trust Stock Up 1.2%

Shares of NSA stock traded up $0.35 during mid-day trading on Tuesday, reaching $28.44. 1,029,607 shares of the company were exchanged, compared to its average volume of 1,104,778. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. The business’s 50 day simple moving average is $29.37 and its 200 day simple moving average is $30.67. The company has a market capitalization of $2.19 billion, a P/E ratio of 46.61 and a beta of 1.19. National Storage Affiliates Trust has a fifty-two week low of $27.47 and a fifty-two week high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $188.70 million for the quarter, compared to analysts’ expectations of $184.04 million. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date is Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 373.77%.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors and hedge funds have recently bought and sold shares of NSA. HighTower Advisors LLC bought a new position in National Storage Affiliates Trust in the 1st quarter worth about $332,000. Peregrine Capital Management LLC raised its holdings 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 valued at $4,703,000 after buying an additional 9,593 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of National Storage Affiliates Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after buying an additional 27,546 shares during the period. Capital Fund Management S.A. bought a new position in National Storage Affiliates Trust in the 2nd quarter worth approximately $1,167,000. Finally, Graham Capital Management L.P. grew its holdings 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 worth $2,240,000 after buying an additional 48,301 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.