Axxcess Wealth Management LLC Reduces Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Axxcess Wealth Management LLC lessened its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 16.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,971 shares of the real estate investment trust's stock after selling 8,576 shares during the period. Axxcess Wealth Management LLC owned about 0.06% of National Storage Affiliates Trust worth $1,693,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of National Storage Affiliates Trust by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock worth $369,979,000 after purchasing an additional 80,923 shares during the last quarter. Wasatch Advisors LP grew its position in shares of National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock worth $253,208,000 after buying an additional 506,398 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of National Storage Affiliates Trust by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock valued at $96,600,000 after buying an additional 10,783 shares during the period. Capital World Investors increased its stake in shares of National Storage Affiliates Trust by 6.2% during the fourth quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust's stock valued at $73,604,000 after buying an additional 113,973 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of National Storage Affiliates Trust by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock valued at $51,144,000 after acquiring an additional 15,468 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Up 0.8%

National Storage Affiliates Trust stock traded up $0.27 during mid-day trading on Friday, hitting $32.50. The company had a trading volume of 1,598,371 shares, compared to its average volume of 731,319. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The company has a market capitalization of $2.49 billion, a PE ratio of 13.54 and a beta of 1.12. The stock's 50 day moving average price is $33.88 and its two-hundred day moving average price is $36.02. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54.

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 analysts' consensus estimates of $0.56 by ($0.02). The firm had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 EPS. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 7.02%. National Storage Affiliates Trust's payout ratio is 386.44%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NSA shares. Wall Street Zen cut shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Morgan Stanley cut shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target on the stock. in a research report on Tuesday, May 27th. Truist Financial set a $37.00 price target on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research note on Monday, May 19th. Robert W. Baird cut their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Mizuho initiated coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of "Hold" and an average price target of $38.63.

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.