Amundi Reduces Position in National Storage Affiliates Trust $NSA

Key Points

• Amundi has significantly reduced its stake in National Storage Affiliates Trust by 39.2%, selling over 25,000 shares and now holding approximately 39,849 shares worth $1.49 million.
• The latest earnings report showed a missed EPS estimate of $0.55 compared to the expected $0.58, with a revenue of $188.84 million, slightly above expectations.
• National Storage Affiliates Trust announced a quarterly dividend of $0.57 per share, representing a yield of 7.1%; however, the payout ratio stands at 367.74%.

Amundi cut its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 39.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,849 shares of the real estate investment trust's stock after selling 25,720 shares during the period. Amundi owned approximately 0.05% of National Storage Affiliates Trust worth $1,493,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV raised its stake in shares of National Storage Affiliates Trust by 4.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock worth $385,000 after buying an additional 398 shares during the period. Concurrent Investment Advisors LLC raised its stake in National Storage Affiliates Trust by 7.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 413 shares during the period. Cerity Partners LLC raised its stake in National Storage Affiliates Trust by 0.9% during the 1st quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust's stock valued at $2,167,000 after purchasing an additional 483 shares during the period. State of Alaska Department of Revenue raised its stake in National Storage Affiliates Trust by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 42,213 shares of the real estate investment trust's stock valued at $1,661,000 after purchasing an additional 499 shares during the period. Finally, Moseley Investment Management Inc. raised its stake in National Storage Affiliates Trust by 2.4% during the 1st quarter. Moseley Investment Management Inc. now owns 24,944 shares of the real estate investment trust's stock valued at $983,000 after purchasing an additional 577 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $31.93 on Friday. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 51.50 and a beta of 1.09. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day moving average price of $31.39 and a 200-day moving average price of $34.16. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $49.44.

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 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The company had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. During the same quarter last year, the firm posted $0.21 EPS. National Storage Affiliates Trust's revenue for the quarter was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on NSA. Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price on the stock. in a research note on Tuesday, May 27th. Wall Street Zen cut National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. BNP Paribas Exane started coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price target for the company. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a report on Tuesday, June 24th. Finally, BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $36.45.

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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