Wealthquest Corp Purchases New Shares in National Storage Affiliates Trust (NYSE:NSA)

Wealthquest Corp purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,345 shares of the real estate investment trust's stock, valued at approximately $565,000.

A number of other large investors have also recently modified their holdings of the business. Oppenheimer Asset Management Inc. boosted its position in shares of National Storage Affiliates Trust by 1.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 90,768 shares of the real estate investment trust's stock valued at $3,576,000 after acquiring an additional 916 shares during the last quarter. Blue Trust Inc. boosted its position in shares of National Storage Affiliates Trust by 279.8% during the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock valued at $68,000 after acquiring an additional 1,276 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of National Storage Affiliates Trust by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 42,213 shares of the real estate investment trust's stock valued at $1,661,000 after acquiring an additional 499 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of National Storage Affiliates Trust by 10.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 24,746 shares of the real estate investment trust's stock valued at $975,000 after acquiring an additional 2,289 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at about $805,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Down 1.0%

National Storage Affiliates Trust stock traded down $0.31 during trading hours on Friday, reaching $31.80. The company had a trading volume of 2,451,738 shares, compared to its average volume of 711,149. 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 company has a 50-day moving average price of $34.73 and a 200 day moving average price of $36.54. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 53.89 and a beta of 1.14. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly 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 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%. National Storage Affiliates Trust's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. Equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 7.17%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 386.44%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NSA. Mizuho began coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday. Robert W. Baird dropped their target price on 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. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a research report on Tuesday. They issued an "underperform" rating and a $33.00 target price for the company. Finally, Wall Street Zen downgraded National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research report on Friday. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of "Hold" and a consensus target price of $38.63.

About National Storage Affiliates Trust

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.