Sound Income Strategies LLC Boosts Position in National Storage Affiliates Trust $NSA

Key Points

• Sound Income Strategies LLC increased its stake in National Storage Affiliates Trust by 62.7% in the second quarter, now owning 232,011 shares valued at approximately $7.4 million.
• A number of research analysts have revised target prices for NSA, with Evercore ISI suggesting a price increase to $32, while Truist Financial lowered theirs to $32, indicating mixed sentiment across analysts.
• The company announced a quarterly dividend of $0.57, providing investors with a yield of 7.5%, although its dividend payout ratio stands unusually high at 367.74%.

Sound Income Strategies LLC increased its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 62.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,011 shares of the real estate investment trust's stock after buying an additional 89,453 shares during the period. Sound Income Strategies LLC owned 0.30% of National Storage Affiliates Trust worth $7,422,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd increased its stake in National Storage Affiliates Trust by 1.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust's stock worth $776,000 after buying an additional 300 shares during the period. GAMMA Investing LLC increased its position in National Storage Affiliates Trust by 21.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 308 shares during the period. UMB Bank n.a. increased its position in National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 379 shares during the period. Concurrent Investment Advisors LLC increased its position in National Storage Affiliates Trust by 7.5% during 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 purchasing an additional 413 shares during the period. Finally, Cerity Partners LLC increased its position in National Storage Affiliates Trust by 0.9% during the 1st quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust's stock valued at $2,167,000 after purchasing an additional 483 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Evercore ISI raised their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an "underperform" rating in a research report on Monday, September 15th. Truist Financial cut their target price on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, August 25th. Wall Street Zen raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Wells Fargo & Company cut their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Robert W. Baird cut their target price on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Six investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $33.64.

National Storage Affiliates Trust Stock Up 1.8%

Shares of National Storage Affiliates Trust stock opened at $30.35 on Monday. The firm's 50 day moving average price is $31.04 and its 200-day moving average price is $33.53. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $48.64. The company has a market cap of $2.33 billion, a P/E ratio of 48.94 and a beta of 1.09.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). The firm had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.5%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 367.74%.

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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