Alyeska Investment Group L.P. Invests $5.17 Million in National Storage Affiliates Trust $NSA

Key Points

• Alyeska Investment Group L.P. acquired 131,096 shares of National Storage Affiliates Trust, valued at approximately $5.17 million, increasing its stake to about 0.17% of the company.
• Multiple institutional investors have recently increased their holdings in NSA, with notable acquisitions including Nuveen LLC's $23.13 million stake and MetLife increasing their position by over 630% in Q1.
• Despite strong institutional interest, analysts have issued mixed ratings on NSA, with Morgan Stanley downgrading the stock to "underweight" and setting a price target of $30.00.

Alyeska Investment Group L.P. bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 131,096 shares of the real estate investment trust's stock, valued at approximately $5,165,000. Alyeska Investment Group L.P. owned about 0.17% of National Storage Affiliates Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new stake in National Storage Affiliates Trust during the fourth quarter worth $28,000. GF Fund Management CO. LTD. bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at $50,000. Brooklyn Investment Group lifted its stake 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 acquiring an additional 1,522 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of National Storage Affiliates Trust by 53.9% in the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 598 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of National Storage Affiliates Trust by 279.8% in the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock valued at $68,000 after acquiring an additional 1,276 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Down 2.3%

NYSE:NSA traded down $0.76 during trading hours on Tuesday, hitting $31.90. 1,134,017 shares of the company were exchanged, compared to its average volume of 896,891. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 51.45 and a beta of 1.09. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $49.44. The company has a fifty day simple moving average of $31.41 and a 200 day simple moving average of $34.26.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 367.74%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Morgan Stanley cut National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a research note on Tuesday, May 27th. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a research note on Tuesday, June 24th. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Robert W. Baird dropped their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Reduce" and a consensus target price of $36.45.

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.