AlphaQuest LLC Has $2.68 Million Stock Position in National Storage Affiliates Trust $NSA

Key Points

• AlphaQuest LLC increased its stake in National Storage Affiliates Trust by 84.4% in Q2, owning approximately $2.68 million worth of shares after acquiring an additional 38,349 shares.
• National Storage Affiliates Trust reported an earnings per share (EPS) of $0.55 for the last quarter, missing the consensus estimate of $0.58, with a year-over-year revenue decline of 0.8%.
• The company recently paid a quarterly dividend of $0.57 per share, yielding around 7.1%, with a notably high payout ratio of 367.74%.

AlphaQuest LLC boosted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 84.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,797 shares of the real estate investment trust's stock after acquiring an additional 38,349 shares during the period. AlphaQuest LLC owned 0.11% of National Storage Affiliates Trust worth $2,681,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. SPC Financial Inc. lifted its holdings in shares of National Storage Affiliates Trust by 6.4% in the second quarter. SPC Financial Inc. now owns 8,300 shares of the real estate investment trust's stock valued at $266,000 after purchasing an additional 500 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of National Storage Affiliates Trust by 13.0% in the second quarter. Aberdeen Group plc now owns 20,884 shares of the real estate investment trust's stock valued at $668,000 after purchasing an additional 2,407 shares in the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 4.2% in the second quarter. Clear Creek Financial Management LLC now owns 24,567 shares of the real estate investment trust's stock valued at $786,000 after purchasing an additional 979 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its holdings in National Storage Affiliates Trust by 5.6% during the second quarter. Hudson Edge Investment Partners Inc. now owns 18,416 shares of the real estate investment trust's stock worth $589,000 after acquiring an additional 979 shares during the period. Finally, Hilltop National Bank bought a new stake in National Storage Affiliates Trust during the second quarter worth $96,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $32.11 on Friday. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 51.74 and a beta of 1.08. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $46.07. The stock has a fifty day moving average of $31.24 and a 200 day moving average of $32.71. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same period last year, the firm earned $0.21 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend was Monday, September 15th. National Storage Affiliates Trust's payout ratio is 367.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NSA. Evercore ISI lifted their price target on National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a report on Monday, September 15th. Zacks Research downgraded National Storage Affiliates Trust from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 15th. Truist Financial reduced their price target on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating for the company in a research report on Monday, August 25th. Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, July 23rd. Finally, Barclays reduced their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Seven equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of "Reduce" and a consensus price target of $33.64.

About National Storage Affiliates Trust

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.

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