Hunter Perkins Capital Management LLC Sells 2,175 Shares of National Storage Affiliates Trust (NYSE:NSA)

Hunter Perkins Capital Management LLC lessened its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,650 shares of the real estate investment trust’s stock after selling 2,175 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $328,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust during the third quarter valued at approximately $29,000. Versant Capital Management Inc increased its holdings 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 valued at $28,000 after buying an additional 514 shares during the last quarter. Bellevue Asset Management LLC purchased a new stake in National Storage Affiliates Trust during the third quarter valued at approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in National Storage Affiliates Trust in the second quarter worth approximately $33,000. Institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NSA shares. Robert W. Baird boosted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Barclays cut their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Wells Fargo & Company raised their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.06.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $36.76 on Monday. The business has a 50-day moving average price of $40.02 and a 200-day moving average price of $43.02. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 21.50 and a beta of 1.03. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

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

National Storage Affiliates Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.57 dividend. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date of this dividend was Friday, December 13th. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

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.