National Storage Affiliates Trust $NSA Shares Sold by Amundi

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 trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 39.2% in the first quarter, according to its most recent disclosure with the 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 0.05% of National Storage Affiliates Trust worth $1,493,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $28,000. GF Fund Management CO. LTD. purchased a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $50,000. Brooklyn Investment Group raised its holdings in shares of National Storage Affiliates Trust by 6,617.4% in the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 1,522 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of National Storage Affiliates Trust by 53.9% in the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 598 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of National Storage Affiliates Trust by 279.8% in the first quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 1,276 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

NSA traded down $0.10 on Thursday, hitting $30.60. 1,155,711 shares of the company were exchanged, compared to its average volume of 993,472. 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 business's fifty day moving average is $31.29 and its 200 day moving average is $33.94. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44. The firm has a market capitalization of $2.35 billion, a P/E ratio of 49.35 and a beta of 1.09.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $185.91 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company's quarterly revenue 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. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business 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. This represents a $2.28 annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio is presently 367.74%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NSA shares. Barclays reduced their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. Evercore ISI increased their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a report on Monday. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. Finally, UBS Group cut their price target on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday. Six research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $33.64.

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.