Hudson Edge Investment Partners Inc. Invests $687,000 in National Storage Affiliates Trust (NYSE:NSA)

Hudson Edge Investment Partners Inc. purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,437 shares of the real estate investment trust's stock, valued at approximately $687,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. boosted its holdings in National Storage Affiliates Trust by 4.6% in the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock valued at $258,000 after purchasing an additional 300 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased 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 worth $385,000 after buying an additional 398 shares during the last quarter. Arizona State Retirement System increased 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 worth $794,000 after buying an additional 437 shares during the last quarter. Xponance Inc. increased 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 worth $305,000 after buying an additional 475 shares during the last quarter. Finally, 1620 Investment Advisors Inc. increased 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 worth $527,000 after buying an additional 475 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NSA. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research report on Monday, May 19th. Morgan Stanley downgraded shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a research report on Tuesday, May 27th. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Finally, Robert W. Baird dropped their target price 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. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $38.63.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $0.08 during trading on Friday, hitting $32.61. 949,901 shares of the company traded hands, compared to its average volume of 723,235. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 55.27 and a beta of 1.12. The business's fifty day moving average is $34.36 and its 200-day moving average is $36.20. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.54.

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 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The company had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same period last year, the company posted $0.60 earnings per share. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.57 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 6.99%. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

National Storage Affiliates Trust 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.