Clear Creek Financial Management LLC Grows Stock Holdings in National Storage Affiliates Trust $NSA

Clear Creek Financial Management LLC grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,567 shares of the real estate investment trust’s stock after buying an additional 979 shares during the quarter. Clear Creek Financial Management LLC’s holdings in National Storage Affiliates Trust were worth $786,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. GW&K Investment Management LLC grew its stake in National Storage Affiliates Trust by 0.6% during the first quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust’s stock worth $30,658,000 after buying an additional 4,609 shares during the period. Alliancebernstein L.P. lifted its position in shares of National Storage Affiliates Trust by 5.3% during the first quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust’s stock worth $30,131,000 after purchasing an additional 38,573 shares in the last quarter. Nuveen LLC acquired a new position in shares of National Storage Affiliates Trust during the first quarter worth $23,134,000. LPL Financial LLC lifted its position in shares of National Storage Affiliates Trust by 0.3% during the first quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust’s stock worth $21,100,000 after purchasing an additional 1,713 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of National Storage Affiliates Trust by 4.8% during the first quarter. Invesco Ltd. now owns 497,003 shares of the real estate investment trust’s stock worth $19,582,000 after purchasing an additional 22,641 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSA. Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday. UBS Group reduced their target price on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Evercore ISI boosted their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research report on Monday, September 15th. Finally, Truist Financial reduced their target price on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, August 25th. Seven equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $33.64.

National Storage Affiliates Trust Trading Down 2.0%

NSA opened at $30.15 on Friday. The stock has a market capitalization of $2.31 billion, a PE ratio of 48.63 and a beta of 1.08. The firm’s fifty day moving average price is $30.89 and its 200 day moving average price is $33.07. 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 has a 12-month low of $28.02 and a 12-month high of $46.07.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, September 15th. National Storage Affiliates Trust’s dividend payout ratio is 367.74%.

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.