Axxcess Wealth Management LLC Has $2.33 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Axxcess Wealth Management LLC trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 77.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,171 shares of the real estate investment trust’s stock after selling 192,349 shares during the quarter. Axxcess Wealth Management LLC’s holdings in National Storage Affiliates Trust were worth $2,329,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of National Storage Affiliates Trust by 83.6% in the 3rd quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 377 shares during the period. Fifth Third Bancorp increased its holdings in National Storage Affiliates Trust by 436.8% in the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 961 shares during the last quarter. Signaturefd LLC raised its stake in National Storage Affiliates Trust by 282.3% in the 3rd quarter. Signaturefd LLC now owns 5,841 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 4,313 shares during the period. PNC Financial Services Group Inc. boosted its position in National Storage Affiliates Trust by 39.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 1,709 shares during the period. Finally, Cape Cod Five Cents Savings Bank bought a new position in National Storage Affiliates Trust during the third quarter worth about $213,000. 99.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NSA shares. Barclays initiated coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price target for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a report on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.60.

National Storage Affiliates Trust Trading Up 1.0 %

Shares of NYSE NSA traded up $0.35 during midday trading on Friday, hitting $36.06. 621,345 shares of the company traded hands, compared to its average volume of 684,420. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $42.54. The firm has a market cap of $2.88 billion, a P/E ratio of 18.88 and a beta of 0.87. The stock has a 50-day moving average price of $36.82 and a 200 day moving average price of $36.17. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results 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 return on equity of 10.30% and a net margin of 22.07%. The firm had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. During the same quarter in the prior year, the company earned $0.66 EPS. The business’s revenue was down 5.7% compared to the same quarter last year. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 6.21%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

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.