Daiwa Securities Group Inc. Purchases 1,412 Shares of National Storage Affiliates Trust (NYSE:NSA)

Daiwa Securities Group Inc. increased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,248 shares of the real estate investment trust’s stock after purchasing an additional 1,412 shares during the period. Daiwa Securities Group Inc.’s holdings in National Storage Affiliates Trust were worth $1,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pasadena Private Wealth LLC increased its position in shares of National Storage Affiliates Trust by 0.9% during the second quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 255 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of National Storage Affiliates Trust by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 257 shares during the period. SPC Financial Inc. increased its position in shares of National Storage Affiliates Trust by 4.8% during the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 300 shares during the period. Clear Creek Financial Management LLC increased its position in shares of National Storage Affiliates Trust by 1.5% during the second quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after purchasing an additional 339 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in shares of National Storage Affiliates Trust by 1.9% during the second quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock valued at $768,000 after purchasing an additional 354 shares during the period. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $45.10 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $3.44 billion, a P/E ratio of 26.37 and a beta of 0.99. The business’s fifty day moving average is $44.44 and its two-hundred day moving average is $43.04. National Storage Affiliates Trust has a 52 week low of $32.83 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same period last year, the company earned $0.67 EPS. The company’s revenue was down 20.2% compared to the same quarter last year. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

NSA has been the topic of several recent analyst reports. Barclays boosted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Wells Fargo & Company boosted their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Jefferies Financial Group boosted their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Citigroup boosted their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus target price of $43.17.

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.