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

Capital Advisors Inc. OK acquired a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,104 shares of the real estate investment trust's stock, valued at approximately $950,000.

Other large investors also recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV grew its stake in shares of National Storage Affiliates Trust by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 398 shares during the period. Concurrent Investment Advisors LLC grew its stake in 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 valued at $234,000 after acquiring an additional 413 shares during the last quarter. Arizona State Retirement System grew its stake in National Storage Affiliates Trust by 2.1% in the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock valued at $794,000 after acquiring an additional 437 shares during the last quarter. 1620 Investment Advisors Inc. grew its stake in National Storage Affiliates Trust by 3.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock valued at $527,000 after acquiring an additional 475 shares during the last quarter. Finally, Xponance Inc. grew its stake in National Storage Affiliates Trust by 6.3% in the 4th quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NSA shares. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. Morgan Stanley lowered shares of 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. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. 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 report on Monday, May 19th. Finally, Mizuho began coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of "Hold" and an average target price of $38.63.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock traded up $0.27 during midday trading on Friday, hitting $32.50. The company's stock had a trading volume of 1,598,371 shares, compared to its average volume of 731,319. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.54. The stock's 50-day moving average price is $33.88 and its 200-day moving average price is $36.02. 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 55.08 and a beta of 1.12.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly 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 company had revenue of $188.35 million during the quarter, compared to analysts' expectations of $184.65 million. National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The company's revenue for the quarter 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. 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 business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 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.