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

Axxcess Wealth Management LLC trimmed its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 16.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.06% of National Storage Affiliates Trust worth $1,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 7.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust's stock worth $234,000 after buying an additional 413 shares during the last quarter. Hudson Edge Investment Partners Inc. purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth approximately $687,000. Exchange Traded Concepts LLC purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth approximately $805,000. Peregrine Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 47,286.2% in the 1st quarter. Peregrine Capital Management LLC now owns 137,420 shares of the real estate investment trust's stock worth $5,414,000 after buying an additional 137,130 shares during the last quarter. Finally, Capital Advisors Inc. OK purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth approximately $950,000. 99.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NSA has been the topic of a number of research analyst reports. Wall Street Zen downgraded National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the company a "hold" rating in a research note on Monday, May 19th. Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective on the stock. in a research note on Tuesday, May 27th. BNP Paribas Exane began coverage on National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price objective on the stock. Finally, Mizuho began coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective on the stock. Six equities research analysts have rated the stock with a sell rating, seven have issued 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 target price of $38.63.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock traded up $0.15 during trading on Monday, hitting $32.70. The stock had a trading volume of 803,362 shares, compared to its average volume of 731,165. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 55.42 and a beta of 1.12. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The business's 50-day moving average is $33.88 and its 200 day moving average is $36.00. 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 released its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 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 net margin of 8.59% and a return on equity of 4.59%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company 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 year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.97%. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 386.44%.

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.