Bank of New York Mellon Corp lowered its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 842,602 shares of the real estate investment trust's stock after selling 24,346 shares during the period. Bank of New York Mellon Corp owned about 1.10% of National Storage Affiliates Trust worth $33,199,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nissay Asset Management Corp Japan ADV grew its holdings in shares of National Storage Affiliates Trust by 4.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock valued at $385,000 after buying an additional 398 shares during the last quarter. 1620 Investment Advisors Inc. boosted its holdings in National Storage Affiliates Trust by 3.5% in the fourth quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 475 shares during the last quarter. Xponance Inc. boosted its holdings in National Storage Affiliates Trust by 6.3% in the fourth quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 475 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in National Storage Affiliates Trust by 1.2% in the first 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 last quarter. Finally, Moseley Investment Management Inc. boosted its holdings in National Storage Affiliates Trust by 2.4% in the first 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 last quarter. Institutional investors own 99.97% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on NSA shares. 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 on the stock. in a research note on Tuesday, May 27th. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. BNP Paribas Exane started coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 target price on the stock. Finally, Wall Street Zen lowered shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $38.63.
View Our Latest Analysis on National Storage Affiliates Trust
National Storage Affiliates Trust Price Performance
NSA remained flat at $31.38 during trading hours on Friday. 1,453,913 shares of the company were exchanged, compared to its average volume of 736,691. The business's fifty day moving average price is $33.41 and its two-hundred day moving average price is $35.82. The firm has a market cap of $2.40 billion, a P/E ratio of 53.19 and a beta of 1.12. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The firm had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, research 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust's payout ratio is 386.44%.
National Storage Affiliates Trust Profile
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Free Report)
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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