Malaga Cove Capital LLC Has $520,000 Stake in National Storage Affiliates Trust (NYSE:NSA)

Malaga Cove Capital LLC lessened its stake in National Storage Affiliates Trust (NYSE:NSA) by 2.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,792 shares of the real estate investment trust’s stock after selling 327 shares during the quarter. Malaga Cove Capital LLC’s holdings in National Storage Affiliates Trust were worth $520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. D. Scott Neal Inc. boosted its stake in National Storage Affiliates Trust by 20.3% during the 2nd quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock worth $11,425,000 after acquiring an additional 46,848 shares during the last quarter. BNP Paribas Financial Markets raised its stake in National Storage Affiliates Trust by 86.2% during the 1st quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock worth $3,350,000 after buying an additional 39,609 shares during the period. Cetera Investment Advisers lifted its holdings in National Storage Affiliates Trust by 371.6% during the first quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock worth $3,284,000 after acquiring an additional 66,082 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in National Storage Affiliates Trust by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock valued at $103,665,000 after acquiring an additional 90,925 shares during the period. Finally, Caxton Associates LP bought a new stake in National Storage Affiliates Trust during the 2nd quarter worth approximately $1,553,000. Institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

NSA has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Truist Financial raised their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Evercore ISI upped their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Citigroup increased their price objective on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Barclays raised their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $42.32 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a market cap of $3.23 billion, a PE ratio of 24.75 and a beta of 0.99. National Storage Affiliates Trust has a 12-month low of $29.55 and a 12-month high of $49.44. The business’s 50-day moving average price is $45.57 and its two-hundred day moving average price is $42.14.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% compared to the same quarter last year. As a group, analysts expect that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 5.29%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 130.99%.

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.