AlphaQuest LLC Has $1.56 Million Stake in National Storage Affiliates Trust (NYSE:NSA)

AlphaQuest LLC increased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,016 shares of the real estate investment trust’s stock after purchasing an additional 8,045 shares during the quarter. AlphaQuest LLC’s holdings in National Storage Affiliates Trust were worth $1,555,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust during the third quarter worth $25,000. Versant Capital Management Inc raised its position in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust during the third quarter worth $29,000. Venturi Wealth Management LLC raised its position in National Storage Affiliates Trust by 514.8% during the third quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,215 shares in the last quarter. Finally, KBC Group NV raised its position in National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 1,869 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NSA. Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays dropped their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust currently has an average rating of “Hold” and an average target price of $42.56.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $39.48 on Monday. The firm has a market capitalization of $3.02 billion, a PE ratio of 23.08 and a beta of 1.07. The company’s 50-day moving average is $37.50 and its 200-day moving average is $41.87. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. Equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is 200.00%.

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.