Centaurus Financial Inc. Decreases Holdings in National Storage Affiliates Trust (NYSE:NSA)

Centaurus Financial Inc. trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,863 shares of the real estate investment trust’s stock after selling 10,323 shares during the quarter. Centaurus Financial Inc.’s holdings in National Storage Affiliates Trust were worth $6,308,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. D. Scott Neal Inc. raised its position in shares of 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 valued at $11,425,000 after buying an additional 46,848 shares in the last quarter. Cetera Investment Advisers raised its position in shares of National Storage Affiliates Trust by 371.6% during the 1st quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock valued at $3,284,000 after buying an additional 66,082 shares in the last quarter. Thrivent Financial for Lutherans raised its position 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. Caxton Associates LP purchased a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at about $1,553,000. Finally, Swedbank AB purchased a new stake in National Storage Affiliates Trust in the 1st quarter worth about $16,056,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Citigroup increased their price objective on shares of 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. Truist Financial increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Finally, Robert W. Baird raised 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. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $44.35 on Friday. National Storage Affiliates Trust has a twelve month low of $32.42 and a twelve month high of $49.44. The company has a 50 day moving average of $44.76 and a two-hundred day moving average of $42.74. 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 company has a market cap of $3.38 billion, a price-to-earnings ratio of 25.94 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. During the same period last year, the business earned $0.67 EPS. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.57 dividend. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 5.14%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

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.