Crawford Investment Counsel Inc. Has $4.50 Million Stock Holdings in National Storage Affiliates Trust $NSA

Crawford Investment Counsel Inc. trimmed its position in National Storage Affiliates Trust (NYSE:NSA) by 11.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 148,768 shares of the real estate investment trust’s stock after selling 18,415 shares during the period. Crawford Investment Counsel Inc. owned about 0.19% of National Storage Affiliates Trust worth $4,496,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust during the second quarter valued at $79,936,000. Balyasny Asset Management L.P. grew its holdings in National Storage Affiliates Trust by 172.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after acquiring an additional 1,989,965 shares during the period. Schonfeld Strategic Advisors LLC increased its holdings in National Storage Affiliates Trust by 723.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after purchasing an additional 937,939 shares during the last quarter. Bank of America Corp DE grew its position in shares of National Storage Affiliates Trust by 159.2% during the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after buying an additional 714,840 shares during the period. Finally, Prudential Financial Inc. increased its stake in National Storage Affiliates Trust by 50.0% in the second quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after purchasing an additional 696,067 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NSA. Morgan Stanley upgraded National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $30.00 to $32.00 in a report on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Thursday, January 22nd. Wells Fargo & Company decreased their price target on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, UBS Group decreased their target price on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Ten investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $32.80.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $30.95 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 44.85 and a beta of 1.17. The company has a 50-day simple moving average of $32.88 and a two-hundred day simple moving average of $31.08. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $39.73.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $187.03 million for the quarter, compared to the consensus estimate of $187.24 million. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. Analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio is 330.43%.

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.