American Century Companies Inc. Reduces Stock Position in 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 holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 approximately 0.88% of National Storage Affiliates Trust worth $26,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aberdeen Group plc boosted its stake in shares of National Storage Affiliates Trust by 3.6% in the 1st quarter. Aberdeen Group plc now owns 18,477 shares of the real estate investment trust's stock worth $728,000 after buying an additional 646 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in National Storage Affiliates Trust by 9.0% in the first quarter. Resona Asset Management Co. Ltd. now owns 30,437 shares of the real estate investment trust's stock valued at $1,180,000 after purchasing an additional 2,515 shares during the last quarter. HighTower Advisors LLC purchased a new position in National Storage Affiliates Trust in the first quarter valued at approximately $332,000. Nuveen LLC purchased a new position in National Storage Affiliates Trust in the first quarter valued at approximately $23,134,000. Finally, Invesco Ltd. lifted its stake in National Storage Affiliates Trust by 4.8% in the first quarter. Invesco Ltd. now owns 497,003 shares of the real estate investment trust's stock valued at $19,582,000 after purchasing an additional 22,641 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NSA traded down $0.31 during trading on Thursday, reaching $31.76. The stock had a trading volume of 122,338 shares, compared to its average volume of 882,577. The stock has a market cap of $2.44 billion, a PE ratio of 51.24 and a beta of 1.10. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $49.44. The business has a 50-day moving average of $31.43 and a 200-day moving average of $34.61.

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 (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $185.91 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The business's quarterly 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. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th 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 7.2%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio is currently 367.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. 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 on the stock in a report on Tuesday, August 12th. BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price target on the stock. Truist Financial decreased their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a report on Monday. Finally, Barclays decreased their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $37.13.

National Storage Affiliates Trust 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.