SPC Financial Inc. Grows Position in National Storage Affiliates Trust (NYSE:NSA)

SPC Financial Inc. boosted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,800 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the quarter. SPC Financial Inc.’s holdings in National Storage Affiliates Trust were worth $258,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at $25,000. Versant Capital Management Inc increased its position in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at $29,000. Venturi Wealth Management LLC increased its position in shares of National Storage Affiliates Trust by 514.8% in the third quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 1,215 shares in the last quarter. Finally, KBC Group NV increased its position in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,869 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 2.0 %

Shares of NYSE:NSA opened at $38.81 on Thursday. The stock’s 50-day moving average price is $37.45 and its two-hundred day moving average price is $41.94. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12-month low of $34.59 and a 12-month high of $49.44. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 22.70 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. On average, research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 200.00%.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Robert W. Baird raised their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Barclays dropped their price objective on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.56.

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.