Capital Advisors Inc. OK Invests $950,000 in National Storage Affiliates Trust (NYSE:NSA)

Capital Advisors Inc. OK purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 24,104 shares of the real estate investment trust's stock, valued at approximately $950,000.

Several other hedge funds also recently made changes to their positions in NSA. Nissay Asset Management Corp Japan ADV grew its stake in shares of National Storage Affiliates Trust by 4.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock valued at $385,000 after buying an additional 398 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of National Storage Affiliates Trust by 7.5% in the first quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust's stock valued at $234,000 after buying an additional 413 shares in the last quarter. Arizona State Retirement System grew its stake in shares of National Storage Affiliates Trust by 2.1% in the fourth quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock valued at $794,000 after buying an additional 437 shares in the last quarter. 1620 Investment Advisors Inc. grew its stake in shares of National Storage Affiliates Trust by 3.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 475 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of National Storage Affiliates Trust by 6.3% in the fourth quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 475 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Wall Street Zen cut shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Robert W. Baird reduced their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price objective for the company. Finally, Morgan Stanley cut shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a research report on Tuesday, May 27th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.63.

National Storage Affiliates Trust Stock Down 2.6%

NSA opened at $31.75 on Tuesday. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.22 and a current ratio of 0.22. The company has a market capitalization of $2.43 billion, a P/E ratio of 53.81 and a beta of 1.12. The stock has a fifty day moving average of $34.27 and a 200-day moving average of $36.16.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The firm had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. On average, equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date of this dividend was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 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.

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