Goldman Sachs Group Inc. Has $3.64 Million Holdings in 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 shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 42.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,309 shares of the real estate investment trust's stock after buying an additional 27,546 shares during the quarter. Goldman Sachs Group Inc. owned about 0.12% of National Storage Affiliates Trust worth $3,637,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC grew its position in shares of National Storage Affiliates Trust by 0.6% during the first quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust's stock worth $30,658,000 after acquiring an additional 4,609 shares during the last quarter. Alliancebernstein L.P. boosted its stake in National Storage Affiliates Trust by 5.3% during the 1st quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust's stock valued at $30,131,000 after purchasing an additional 38,573 shares during the period. Nuveen Asset Management LLC boosted its stake in National Storage Affiliates Trust by 0.7% during the 4th quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust's stock valued at $23,463,000 after purchasing an additional 4,363 shares during the period. Nuveen LLC bought a new position in National Storage Affiliates Trust in the 1st quarter worth about $23,134,000. Finally, LPL Financial LLC increased its stake in shares of National Storage Affiliates Trust by 0.3% in the first quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust's stock valued at $21,100,000 after purchasing an additional 1,713 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NSA. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price objective for the company. Wall Street Zen cut National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, July 23rd. Finally, Truist Financial decreased their target price on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating for the company in a research report on Monday, August 25th. Six investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $33.64.

National Storage Affiliates Trust Price Performance

NYSE:NSA traded down $0.73 during mid-day trading on Friday, reaching $29.89. 1,604,154 shares of the stock were exchanged, compared to its average volume of 1,012,423. 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 business has a fifty day moving average price of $31.24 and a 200 day moving average price of $33.89. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $49.44. The firm has a market capitalization of $2.29 billion, a PE ratio of 48.21 and a beta of 1.09.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same quarter last year, the business posted $0.21 EPS. The business'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. Research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

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 issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 7.6%. National Storage Affiliates Trust's dividend payout ratio is currently 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.