APG Asset Management US Inc. Lowers Position in National Storage Affiliates Trust $NSA

Key Points

• APG Asset Management US Inc. has reduced its holdings in National Storage Affiliates Trust by 14.3%, leaving it with 344,780 shares valued at approximately $13.4 million as of its latest filing.
• The quarterly earnings report for National Storage Affiliates Trust showed an EPS of $0.55, which missed analysts' expectations of $0.58, although revenue surpassed expectations at $188.84 million.
• National Storage Affiliates Trust has declared a quarterly dividend of $0.57 per share, representing a 7.1% yield, with an upcoming ex-dividend date of September 15th.

APG Asset Management US Inc. trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 344,780 shares of the real estate investment trust's stock after selling 57,313 shares during the quarter. APG Asset Management US Inc. owned 0.45% of National Storage Affiliates Trust worth $13,446,000 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 bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $28,000. Quarry LP lifted its position in shares of National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 756 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $50,000. Brooklyn Investment Group increased its stake in shares of National Storage Affiliates Trust by 6,617.4% during 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 period. Finally, Parallel Advisors LLC increased its stake in shares of National Storage Affiliates Trust by 53.9% during 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 period. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NYSE NSA traded down $0.25 during trading hours on Thursday, reaching $31.82. The stock had a trading volume of 265,836 shares, compared to its average volume of 883,375. The stock has a fifty day moving average of $31.43 and a 200 day moving average of $34.61. The stock has a market cap of $2.44 billion, a P/E ratio of 51.31 and a beta of 1.10. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44. 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 (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS 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 during the quarter, compared to analysts' expectations of $185.91 million. During the same quarter in the prior year, the company posted $0.21 EPS. The company's revenue for the quarter 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. Sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a 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

Several equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 23rd. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a research note on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price target on the stock. Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target on the stock. in a research note on Tuesday, May 27th. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust presently has an average rating of "Reduce" and a consensus price target of $37.13.

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.