Axxcess Wealth Management LLC Has $2.34 Million Position in National Storage Affiliates Trust (NYSE:NSA)

Axxcess Wealth Management LLC increased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 10.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 56,842 shares of the real estate investment trust’s stock after purchasing an additional 5,193 shares during the period. Axxcess Wealth Management LLC owned approximately 0.08% of National Storage Affiliates Trust worth $2,343,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NSA. Ashton Thomas Private Wealth LLC bought a new position in National Storage Affiliates Trust in the 2nd quarter worth approximately $39,000. Rothschild Investment LLC bought a new position in National Storage Affiliates Trust during the second quarter worth $59,000. Signaturefd LLC increased its position in National Storage Affiliates Trust by 48.1% during the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 661 shares during the period. SG Americas Securities LLC acquired a new position in National Storage Affiliates Trust during the 1st quarter valued at $113,000. Finally, Highland Capital Management LLC bought a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial boosted 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 report on Friday, August 16th. Evercore ISI boosted their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday. Robert W. Baird raised their price objective on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Finally, Barclays raised their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.06.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $48.15 on Wednesday. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 25.21 and a beta of 0.98. The business’s fifty day moving average price is $44.52 and its two-hundred day moving average price is $40.23. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $48.90. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. During the same period in the previous year, the company posted $0.68 EPS. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, analysts predict that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 117.28%.

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.