National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 17,179.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,558 shares of the real estate investment trust's stock after buying an additional 141,733 shares during the period. Sound Income Strategies LLC owned about 0.19% of National Storage Affiliates Trust worth $5,617,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Moseley Investment Management Inc. raised its position in shares of National Storage Affiliates Trust by 2.4% during the 1st quarter. Moseley Investment Management Inc. now owns 24,944 shares of the real estate investment trust's stock worth $983,000 after acquiring an additional 577 shares in the last quarter. Parallel Advisors LLC increased its stake in National Storage Affiliates Trust by 53.9% in the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 598 shares during the last quarter. GAMMA Investing LLC raised its holdings in National Storage Affiliates Trust by 4,261.0% during the first quarter. GAMMA Investing LLC now owns 56,736 shares of the real estate investment trust's stock worth $2,235,000 after purchasing an additional 55,435 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of National Storage Affiliates Trust by 26.7% in the 1st quarter. First Hawaiian Bank now owns 12,207 shares of the real estate investment trust's stock valued at $481,000 after buying an additional 2,570 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of National Storage Affiliates Trust by 60.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 12,888 shares of the real estate investment trust's stock valued at $489,000 after buying an additional 4,879 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NSA stock traded down $0.03 during midday trading on Wednesday, reaching $32.88. 1,672,247 shares of the company traded hands, compared to its average volume of 699,084. The firm has a market cap of $2.51 billion, a PE ratio of 55.72 and a beta of 1.14. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.22 and a quick ratio of 0.22. The firm's 50 day simple moving average is $35.18 and its two-hundred day simple moving average is $37.11. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44.

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 analysts' consensus estimates of $0.56 by ($0.02). The firm had revenue of $188.35 million for 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 firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.93%. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on NSA shares. Barclays reduced their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. 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. Robert W. Baird decreased 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 note on Thursday, March 13th. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, Mizuho initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Three 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. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Hold" and an average price target of $39.75.

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.