American Century Companies Inc. Sells 71,917 Shares of National Storage Affiliates Trust $NSA

Key Points

• American Century Companies Inc. reduced its stake in National Storage Affiliates Trust by 9.7%, selling 71,917 shares, and now owns approximately 0.88% of the company, valued at about $26.4 million.
• National Storage Affiliates Trust reported earnings per share of $0.55 for the latest quarter, falling short of analysts' expectations, and set a fiscal year 2025 EPS guidance of $2.170 to $2.230.
• The company declared a quarterly dividend of $0.57, with an annualized yield of 7.1%, although it has a high dividend payout ratio of 367.74%.

American Century Companies Inc. lessened its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 671,042 shares of the real estate investment trust's stock after selling 71,917 shares during the period. American Century Companies Inc. owned about 0.88% of National Storage Affiliates Trust worth $26,439,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $28,000. Quarry LP grew its stake in shares of National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 756 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $50,000. Parallel Advisors LLC grew its stake in shares of National Storage Affiliates Trust by 53.9% during the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock worth $67,000 after acquiring an additional 598 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of National Storage Affiliates Trust by 279.8% during the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock worth $68,000 after acquiring an additional 1,276 shares in the last quarter. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Up 3.4%

NYSE NSA opened at $32.14 on Friday. The company has a market cap of $2.47 billion, a PE ratio of 51.84 and a beta of 1.10. 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 12 month low of $28.02 and a 12 month high of $49.44. The stock has a 50 day moving average of $31.50 and a 200-day moving average of $34.74.

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

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio is 367.74%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NSA. Morgan Stanley cut shares of 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. Robert W. Baird decreased their price target on shares of 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. Truist Financial set a $37.00 price target on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research note on Monday, May 19th. Wells Fargo & Company decreased their price target on shares of 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, National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, National Storage Affiliates Trust has a consensus rating of "Reduce" and a consensus target price of $37.54.

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.

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