Wedge Capital Management L L P NC Boosts Stake in National Storage Affiliates Trust (NYSE:NSA)

Wedge Capital Management L L P NC boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,371 shares of the real estate investment trust’s stock after purchasing an additional 19,229 shares during the period. Wedge Capital Management L L P NC owned about 0.25% of National Storage Affiliates Trust worth $7,179,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NSA. Hsbc Holdings PLC grew its stake in shares of National Storage Affiliates Trust by 12.9% during the 2nd quarter. Hsbc Holdings PLC now owns 50,224 shares of the real estate investment trust’s stock valued at $2,070,000 after acquiring an additional 5,729 shares during the period. XTX Topco Ltd bought a new position in shares of National Storage Affiliates Trust in the second quarter worth approximately $495,000. Intech Investment Management LLC bought a new position in shares of National Storage Affiliates Trust in the second quarter worth approximately $1,197,000. Sei Investments Co. increased its stake in shares of National Storage Affiliates Trust by 9.1% in the second quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust’s stock worth $16,034,000 after purchasing an additional 32,544 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of National Storage Affiliates Trust by 3.8% during the 2nd 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 buying an additional 90,925 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.6 %

Shares of NSA stock opened at $36.64 on Friday. The company has a market cap of $2.79 billion, a PE ratio of 21.43 and a beta of 1.03. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $40.64 and its two-hundred day simple moving average is $43.14. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. Research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NSA. Barclays decreased their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company upped their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Robert W. Baird upped their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.06.

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.