SPC Financial Inc. Increases Stake in National Storage Affiliates Trust $NSA

SPC Financial Inc. lifted its stake in National Storage Affiliates Trust (NYSE:NSA) by 6.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,300 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. SPC Financial Inc.’s holdings in National Storage Affiliates Trust were worth $266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSA. UMB Bank n.a. raised its position in shares of National Storage Affiliates Trust by 71.9% in the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 379 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at approximately $32,000. Jones Financial Companies Lllp raised its position in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the last quarter. GAMMA Investing LLC raised its position in shares of National Storage Affiliates Trust by 21.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 308 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in shares of National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 1,522 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $30.15 on Monday. The firm’s 50 day simple moving average is $30.89 and its 200-day simple moving average is $33.00. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $46.07. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 48.63 and a beta of 1.08. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The company had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. During the same period in the prior year, the business posted $0.21 EPS. National Storage Affiliates Trust’s revenue was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.6%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 367.74%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 price objective for the company. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Wall Street Zen raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, July 23rd. Seven research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $33.64.

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.