APG Asset Management US Inc. Reduces Holdings 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. lowered its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 14.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter valued at about $28,000. Quarry LP grew 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 buying an additional 756 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $50,000. Brooklyn Investment Group grew its holdings in National Storage Affiliates Trust by 6,617.4% during the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of National Storage Affiliates Trust by 53.9% in the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 598 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Up 3.4%

NYSE:NSA opened at $32.14 on Friday. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $49.44. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The stock's 50 day simple moving average is $31.50 and its 200-day simple moving average is $34.74. The firm has a market cap of $2.47 billion, a P/E ratio of 51.84 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data 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 firm 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 posted $0.21 EPS. The firm'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. Equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 367.74%.

Analysts Set New Price Targets

NSA has been the subject of a number of analyst reports. Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research note on Monday, May 19th. Wall Street Zen raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Morgan Stanley downgraded 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 report on Tuesday, May 27th. Finally, Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target 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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