Aptus Capital Advisors LLC Grows Holdings in National Storage Affiliates Trust $NSA

Key Points

• Aptus Capital Advisors LLC has increased its stake in National Storage Affiliates Trust by 12.7%, acquiring an additional 11,164 shares in the first quarter, bringing its total holdings to approximately 98,929 shares valued at about $3.9 million.
• The company recently reported a quarterly earnings per share of $0.55, missing analysts' expectations of $0.58, and revenue of $188.84 million, which was slightly above estimates.
• National Storage Affiliates Trust declared a quarterly dividend of $0.57 to be paid on September 30th, representing an annualized yield of 7.3% and a payout ratio of 367.74%.

Aptus Capital Advisors LLC raised its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 12.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,929 shares of the real estate investment trust's stock after buying an additional 11,164 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.13% of National Storage Affiliates Trust worth $3,898,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its holdings in National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 1,522 shares during the period. Raymond James Financial Inc. grew its holdings in National Storage Affiliates Trust by 16.6% in the 1st quarter. Raymond James Financial Inc. now owns 410,870 shares of the real estate investment trust's stock valued at $16,188,000 after buying an additional 58,619 shares during the period. Aberdeen Group plc grew its holdings in National Storage Affiliates Trust by 3.6% in the 1st quarter. Aberdeen Group plc now owns 18,477 shares of the real estate investment trust's stock valued at $728,000 after buying an additional 646 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in National Storage Affiliates Trust by 9.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 30,437 shares of the real estate investment trust's stock valued at $1,180,000 after buying an additional 2,515 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth $332,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Down 1.2%

NYSE NSA traded down $0.37 on Monday, reaching $31.79. The company had a trading volume of 94,632 shares, compared to its average volume of 884,150. The firm has a market capitalization of $2.44 billion, a PE ratio of 51.31 and a beta of 1.10. National Storage Affiliates Trust has a 1 year low of $28.02 and a 1 year high of $49.44. The firm has a 50-day moving average of $31.50 and a 200-day moving average of $34.69. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 7.2%. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 367.74%.

Analysts Set New Price Targets

NSA has been the topic of several research reports. Wells Fargo & Company cut their target price on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 23rd. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Morgan Stanley cut National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a report on Tuesday, May 27th. BNP Paribas Exane initiated coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 target price for the company. Finally, Truist Financial decreased their target price on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating for the company in a report on Monday. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $37.13.

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.