Goldman Sachs Group Inc. Purchases 27,546 Shares of National Storage Affiliates Trust $NSA

Key Points

• Goldman Sachs Group Inc. increased its holdings in National Storage Affiliates Trust by 42.5% in Q1, owning a total of 92,309 shares worth approximately $3.64 million.
• The company's stock is currently trading at $30.60, with a market cap of $2.35 billion and showing a 0.3% decline recently.
• National Storage Affiliates Trust announced a quarterly dividend of $0.57 per share, representing a 7.5% dividend yield, with a payout ratio of 367.74%.

Goldman Sachs Group Inc. increased its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 42.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 92,309 shares of the real estate investment trust's stock after purchasing an additional 27,546 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.12% of National Storage Affiliates Trust worth $3,637,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd lifted its stake in shares of National Storage Affiliates Trust by 1.5% in the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust's stock worth $776,000 after buying an additional 300 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in 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 worth $234,000 after acquiring an additional 413 shares during the period. Cerity Partners LLC lifted its position in National Storage Affiliates Trust by 0.9% during the 1st quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust's stock worth $2,167,000 after acquiring an additional 483 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in National Storage Affiliates Trust by 1.2% during 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 acquiring an additional 499 shares during the period. Finally, Moseley Investment Management Inc. boosted its holdings in National Storage Affiliates Trust by 2.4% during 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 acquiring an additional 577 shares during the period. Institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NSA. Robert W. Baird cut their price objective on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price target on the stock. Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, July 23rd. Evercore ISI raised their price objective on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a research note on Monday, September 15th. Finally, BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $33.64.

National Storage Affiliates Trust Price Performance

Shares of NSA stock traded up $0.01 during mid-day trading on Monday, reaching $29.91. The company's stock had a trading volume of 884,459 shares, compared to its average volume of 1,026,707. The firm's 50-day moving average is $31.18 and its two-hundred day moving average is $33.75. The company has a market cap of $2.30 billion, a P/E ratio of 48.23 and a beta of 1.09. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year 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 posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). The business had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. 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 Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio is 367.74%.

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.