Aptus Capital Advisors LLC Acquires 11,164 Shares of 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 boosted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,929 shares of the real estate investment trust's stock after acquiring an additional 11,164 shares during the period. Aptus Capital Advisors LLC owned 0.13% of National Storage Affiliates Trust worth $3,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NSA. Sterling Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after purchasing an additional 1,388 shares during the last quarter. Barclays PLC raised its stake in shares of National Storage Affiliates Trust by 188.2% in the fourth quarter. Barclays PLC now owns 159,653 shares of the real estate investment trust's stock worth $6,053,000 after purchasing an additional 104,264 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of National Storage Affiliates Trust by 10.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 137,327 shares of the real estate investment trust's stock worth $5,208,000 after purchasing an additional 12,590 shares during the last quarter. Capital World Investors raised its stake in shares of National Storage Affiliates Trust by 6.2% in the fourth quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust's stock worth $73,604,000 after purchasing an additional 113,973 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of National Storage Affiliates Trust by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 41,595 shares of the real estate investment trust's stock worth $1,577,000 after purchasing an additional 3,384 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NSA shares. Wells Fargo & Company decreased their target price 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. BNP Paribas Exane started coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 target price for the company. Wall Street Zen raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird decreased their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Finally, National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $37.54.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA traded up $1.07 during mid-day trading on Friday, hitting $32.14. The company had a trading volume of 1,318,587 shares, compared to its average volume of 1,083,995. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 51.84 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 company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The stock's 50-day moving average price is $31.50 and its 200-day moving average price is $34.74.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 net margin of 8.92% and a return on equity of 4.91%. National Storage Affiliates Trust's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.1%. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 367.74%.

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.