National Storage Affiliates Trust $NSA Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in National Storage Affiliates Trust (NYSE:NSA) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,095,158 shares of the real estate investment trust’s stock after acquiring an additional 48,418 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in National Storage Affiliates Trust were worth $30,894,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at about $32,000. Jones Financial Companies Lllp grew its position in National Storage Affiliates Trust by 81.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 586 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $41,000. Parallel Advisors LLC grew its position in National Storage Affiliates Trust by 42.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 424 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in National Storage Affiliates Trust by 247.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,302 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research report on Thursday, February 5th. Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Truist Financial boosted their price objective on National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective for the company in a research report on Monday, March 16th. Thirteen analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $34.78.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $40.96 on Friday. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $44.01. The company has a market cap of $3.16 billion, a PE ratio of 54.61 and a beta of 1.07. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29. The business has a 50-day simple moving average of $39.70 and a 200-day simple moving average of $33.97.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.38). The business had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.21 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, June 15th. This represents a $2.28 annualized dividend and a yield of 5.6%. National Storage Affiliates Trust’s payout ratio is presently 304.00%.

National Storage Affiliates Trust Profile

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.