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

Key Points

• Wealthquest Corp has acquired a new stake in National Storage Affiliates Trust (NYSE:NSA) by purchasing 14,345 shares worth approximately $565,000 in the first quarter.
• The company reported earnings per share of $0.54, missing estimates by $0.02, while revenue for the quarter came in at $188.35 million, exceeding expectations.
• A quarterly dividend of $0.57 was issued recently, which results in an annual yield of 7.7%, but the payout ratio is notably high at 386.44%.

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSA. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter worth $28,000. Quarry LP boosted its holdings in National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 756 shares during the period. GF Fund Management CO. LTD. acquired a new position in National Storage Affiliates Trust in the 4th quarter valued at about $50,000. Parallel Advisors LLC increased its holdings in National Storage Affiliates Trust by 53.9% during the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 598 shares during the period. Finally, Blue Trust Inc. increased its stake in National Storage Affiliates Trust by 279.8% in the first quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock valued at $68,000 after purchasing an additional 1,276 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

Shares of NSA stock traded up $0.68 during trading hours on Tuesday, reaching $30.12. The stock had a trading volume of 1,419,285 shares, compared to its average volume of 864,692. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $49.44. The stock's fifty day simple moving average is $32.54 and its 200 day simple moving average is $35.39. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $2.30 billion, a PE ratio of 50.90 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced 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). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The company had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same period last year, the business posted $0.21 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust's payout ratio is presently 386.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Mizuho began coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target 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 objective on the stock. in a research note on Tuesday, May 27th. Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, July 23rd. BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price target on the stock. Finally, BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $38.38.

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.