National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 77.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 56,171 shares of the real estate investment trust's stock after selling 192,349 shares during the period. Axxcess Wealth Management LLC owned about 0.07% of National Storage Affiliates Trust worth $2,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new position in National Storage Affiliates Trust in the third quarter valued at approximately $383,000. Cambridge Investment Research Advisors Inc. grew its position in National Storage Affiliates Trust by 49.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,675 shares of the real estate investment trust's stock valued at $624,000 after buying an additional 6,533 shares during the period. Raymond James & Associates increased its holdings in National Storage Affiliates Trust by 5.7% in the third quarter. Raymond James & Associates now owns 205,068 shares of the real estate investment trust's stock valued at $6,509,000 after buying an additional 11,121 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of National Storage Affiliates Trust by 137.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,272 shares of the real estate investment trust's stock worth $548,000 after acquiring an additional 9,993 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of National Storage Affiliates Trust by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,328 shares of the real estate investment trust's stock valued at $1,470,000 after acquiring an additional 673 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Up 1.0 %

NYSE:NSA traded up $0.35 during trading hours on Friday, hitting $36.06. The company had a trading volume of 621,345 shares, compared to its average volume of 684,420. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54. The company has a current ratio of 1.01, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The company has a 50-day moving average of $36.82 and a 200 day moving average of $36.20. The company has a market cap of $2.88 billion, a P/E ratio of 18.88 and a beta of 0.87.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The firm had revenue of $196.15 million during the quarter, compared to analysts' expectations of $191.70 million. During the same period last year, the business earned $0.66 earnings per share. National Storage Affiliates Trust's revenue was down 5.7% compared to the same quarter last year. Sell-side analysts expect that National Storage Affiliates Trust will post 2.5 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.21%. National Storage Affiliates Trust's payout ratio is currently 117.28%.

Analyst Upgrades and Downgrades

NSA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a "sell" rating and a $33.00 price target on the stock. Barclays initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $39.00 target price on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $36.60.

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.