National Storage Affiliates Trust (NYSE:NSA) Shares Bought by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its stake in National Storage Affiliates Trust by 173.3% in Q1, owning 104,473 shares valued at approximately $4.12 million.
• National Storage Affiliates Trust reported an earnings per share (EPS) of $0.55 for the latest quarter, missing expectations by $0.03, while revenues totaled $188.84 million.
• The company has declared a quarterly dividend of $0.57, with an annualized yield of 7.5%, although its dividend payout ratio stands at an unusually high 386.44%.

New Age Alpha Advisors LLC boosted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 173.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,473 shares of the real estate investment trust's stock after acquiring an additional 66,252 shares during the period. New Age Alpha Advisors LLC owned about 0.14% of National Storage Affiliates Trust worth $4,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its holdings in shares of National Storage Affiliates Trust by 8.2% during the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after purchasing an additional 506,398 shares during the last quarter. Capital World Investors raised its stake in National Storage Affiliates Trust by 6.2% in 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 last quarter. Geode Capital Management LLC boosted its holdings in National Storage Affiliates Trust by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock worth $51,144,000 after acquiring an additional 15,468 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth about $51,081,000. Finally, Northern Trust Corp increased its holdings in shares of National Storage Affiliates Trust by 30.7% during the fourth quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock valued at $40,900,000 after acquiring an additional 253,176 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

NSA stock traded up $0.06 during midday trading on Thursday, hitting $30.25. 914,343 shares of the stock traded hands, compared to its average volume of 1,118,438. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $49.44. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.22. The stock's fifty day simple moving average is $32.21 and its 200-day simple moving average is $35.23. The firm has a market cap of $2.32 billion, a P/E ratio of 48.79 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%. The firm had revenue of $188.84 million for the quarter, compared to analysts' expectations of $185.91 million. During the same period in the previous year, the company earned $0.21 earnings per share. The company's revenue was down .8% compared to the same quarter last year. On average, analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced 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. This represents a $2.28 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. 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 target price on the stock. Morgan Stanley cut National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a research report on Tuesday, May 27th. Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. Mizuho began coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price for the company. Finally, National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus target price of $38.38.

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.