Aptus Capital Advisors LLC Has $3.33 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Aptus Capital Advisors LLC increased its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 22.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,765 shares of the real estate investment trust's stock after purchasing an additional 15,995 shares during the period. Aptus Capital Advisors LLC owned approximately 0.12% of National Storage Affiliates Trust worth $3,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of National Storage Affiliates Trust by 48.1% during the third quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock worth $5,769,000 after buying an additional 42,241 shares in the last quarter. JPMorgan Chase & Co. raised its stake in National Storage Affiliates Trust by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock worth $15,389,000 after purchasing an additional 42,508 shares in the last quarter. Versant Capital Management Inc boosted its holdings in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 514 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of National Storage Affiliates Trust by 18.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock worth $2,080,000 after purchasing an additional 8,662 shares in the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new position in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $228,000. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NSA shares. Robert W. Baird dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company cut their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Finally, Barclays decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.28.

National Storage Affiliates Trust Price Performance

NSA stock traded up $0.29 during trading on Friday, reaching $36.63. 663,885 shares of the company were exchanged, compared to its average volume of 662,655. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.42 and a beta of 1.20. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average of $36.81 and a two-hundred day moving average of $38.80. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. During the same quarter last year, the company posted $0.60 earnings per share. The firm's quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 200.00%.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.70% of the stock is currently owned by insiders.

National Storage Affiliates Trust Company 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.