Sound Income Strategies LLC Lowers Stock Holdings in National Storage Affiliates Trust $NSA

Sound Income Strategies LLC cut its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 8.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,590 shares of the real estate investment trust’s stock after selling 20,421 shares during the quarter. Sound Income Strategies LLC owned approximately 0.28% of National Storage Affiliates Trust worth $6,511,000 at the end of the most recent reporting period.

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

National Storage Affiliates Trust Stock Down 1.3%

National Storage Affiliates Trust stock opened at $28.03 on Friday. The business has a fifty day moving average price of $29.93 and a 200-day moving average price of $30.97. National Storage Affiliates Trust has a 1-year low of $27.97 and a 1-year high of $40.62. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 45.95 and a beta of 1.19. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The company had revenue of $188.70 million during the quarter, compared to analysts’ expectations of $184.04 million. During the same period last year, the business posted $0.62 earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, December 15th. National Storage Affiliates Trust’s payout ratio is currently 373.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NSA shares. Morgan Stanley upgraded shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $30.00 to $32.00 in a report on Friday, December 5th. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. National Bankshares set a $32.00 target price on National Storage Affiliates Trust in a research report on Friday, December 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. Finally, Mizuho reduced their price target on National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Ten equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $33.09.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.