Wealthquest Corp Invests $565,000 in National Storage Affiliates Trust (NYSE:NSA)

Wealthquest Corp bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,345 shares of the real estate investment trust's stock, valued at approximately $565,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC raised its holdings in shares of National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock worth $384,000 after purchasing an additional 616 shares during the period. Proficio Capital Partners LLC purchased a new stake in National Storage Affiliates Trust in the fourth quarter worth $795,000. Exchange Traded Concepts LLC bought a new stake in shares of National Storage Affiliates Trust in the first quarter valued at $805,000. Sound Income Strategies LLC lifted its position in shares of National Storage Affiliates Trust by 17,179.8% during the 1st quarter. Sound Income Strategies LLC now owns 142,558 shares of the real estate investment trust's stock valued at $5,617,000 after buying an additional 141,733 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of National Storage Affiliates Trust by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after buying an additional 23,366 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a report on Tuesday, May 27th. BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday. They set an "underperform" rating and a $33.00 target price for the company. Mizuho began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target on the stock. Barclays dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th. Finally, Truist Financial set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the company a "hold" rating in a research note on Monday, May 19th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price of $38.63.

National Storage Affiliates Trust Price Performance

NYSE NSA traded down $0.01 on Thursday, hitting $32.16. The stock had a trading volume of 1,806,682 shares, compared to its average volume of 703,342. The firm has a 50-day moving average of $34.83 and a 200-day moving average of $36.62. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.22 and a current ratio of 0.22. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 54.51 and a beta of 1.14.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. Equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's payout ratio is 386.44%.

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.