Versor Investments LP Makes New $222,000 Investment in National Storage Affiliates Trust (NYSE:NSA)

Versor Investments LP purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,600 shares of the real estate investment trust’s stock, valued at approximately $222,000.

Other large investors also recently modified their holdings of the company. D. Scott Neal Inc. boosted its stake in National Storage Affiliates Trust by 20.3% during the second quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock worth $11,425,000 after acquiring an additional 46,848 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of National Storage Affiliates Trust by 371.6% during the 1st quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock worth $3,284,000 after purchasing an additional 66,082 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of National Storage Affiliates Trust by 3.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock valued at $103,665,000 after buying an additional 90,925 shares during the period. Caxton Associates LP acquired a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $1,553,000. Finally, Swedbank AB bought a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $16,056,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NSA stock opened at $43.13 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $3.29 billion, a PE ratio of 25.22 and a beta of 0.99. The business has a 50 day moving average of $45.08 and a 200-day moving average of $42.46. National Storage Affiliates Trust has a 12-month low of $32.42 and a 12-month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 20.59% and a return on equity of 10.35%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.29%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. National Storage Affiliates Trust’s payout ratio is presently 130.99%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NSA. Wells Fargo & Company raised their price objective 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. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Citigroup lifted their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Robert W. Baird upped their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lifted 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.