National Storage Affiliates Trust $NSA Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its holdings in National Storage Affiliates Trust by 8.7% in Q1, owning 97,214 shares valued at approximately $3.83 million.
• National Storage Affiliates Trust announced a quarterly dividend of $0.57 per share, translating to an annualized dividend yield of 7.1%, with a high dividend payout ratio of 367.74%.
• The company reported Q2 earnings of $0.55 per share, missing the consensus estimate, with revenue of $188.84 million, indicating a slight decline in quarterly revenue year-over-year.

B. Metzler seel. Sohn & Co. AG decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 8.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,214 shares of the real estate investment trust's stock after selling 9,246 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.13% of National Storage Affiliates Trust worth $3,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Concurrent Investment Advisors LLC raised its position in shares of National Storage Affiliates Trust by 7.5% in 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 last quarter. Envestnet Asset Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 7.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 172,252 shares of the real estate investment trust's stock valued at $6,787,000 after purchasing an additional 11,879 shares in the last quarter. Hudson Edge Investment Partners Inc. purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at approximately $687,000. M&T Bank Corp increased its holdings in shares of National Storage Affiliates Trust by 50.1% during the 1st quarter. M&T Bank Corp now owns 20,112 shares of the real estate investment trust's stock valued at $792,000 after purchasing an additional 6,710 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at approximately $805,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NSA traded up $0.32 on Friday, hitting $32.26. 711,186 shares of the company's stock were exchanged, compared to its average volume of 1,077,527. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week 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 firm has a 50-day moving average price of $31.41 and a 200-day moving average price of $34.49. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 52.03 and a beta of 1.09.

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 earnings per share (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 business had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. During the same period last year, the firm earned $0.21 EPS. The company'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. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 7.1%. National Storage Affiliates Trust's payout ratio is presently 367.74%.

Wall Street Analysts Forecast Growth

NSA has been the subject of several recent research reports. Wall Street Zen lowered shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Saturday. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. Robert W. Baird cut their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. Finally, Morgan Stanley lowered shares of 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. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $36.45.

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.