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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 added to or reduced their stakes in NSA. KLP Kapitalforvaltning AS bought a new stake in National Storage Affiliates Trust during the fourth quarter worth approximately $546,000. Vanguard Group Inc. boosted its holdings in National Storage Affiliates Trust by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock worth $369,979,000 after buying an additional 80,923 shares in the last quarter. Norges Bank bought a new stake in National Storage Affiliates Trust during the fourth quarter worth approximately $26,737,000. Franklin Resources Inc. boosted its holdings in National Storage Affiliates Trust by 140.6% during the fourth quarter. Franklin Resources Inc. now owns 312,929 shares of the real estate investment trust's stock worth $11,863,000 after buying an additional 182,878 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in National Storage Affiliates Trust by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock worth $51,144,000 after buying an additional 15,468 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on NSA. Truist Financial set a $37.00 price target on shares of National Storage Affiliates Trust and gave the company a "hold" rating in a research report on Monday, May 19th. BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price target for the company. Morgan Stanley downgraded shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a research report on Tuesday, May 27th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, July 23rd. Six analysts have rated the stock with a sell rating, seven have assigned 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 $38.38.

National Storage Affiliates Trust Stock Up 0.3%

Shares of National Storage Affiliates Trust stock traded up $0.10 during midday trading on Friday, reaching $29.56. 1,041,058 shares of the company's stock traded hands, compared to its average volume of 1,021,106. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 50.10 and a beta of 1.10. The company's 50 day simple moving average is $32.54 and its 200 day simple moving average is $35.40. 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 $29.02 and a 52 week 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The firm had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 7.7%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 386.44%.

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.