National Storage Affiliates Trust $NSA Shares Acquired by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its stake in National Storage Affiliates Trust by 564.4% in Q1, owning 56,859 shares worth approximately $2,240,000.
• The company reported $0.55 EPS for its latest quarter, missing estimates of $0.58, while revenue of $188.84 million exceeded predictions.
• National Storage Affiliates Trust announced a quarterly dividend of $0.57 per share, yielding 7.1%, with a high dividend payout ratio of 367.74%.

Graham Capital Management L.P. grew its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 564.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,859 shares of the real estate investment trust's stock after purchasing an additional 48,301 shares during the period. Graham Capital Management L.P. owned approximately 0.07% of National Storage Affiliates Trust worth $2,240,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth $51,081,000. Northern Trust Corp raised its stake in National Storage Affiliates Trust by 30.7% in the fourth quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock worth $40,900,000 after buying an additional 253,176 shares in the last quarter. GW&K Investment Management LLC grew its holdings in National Storage Affiliates Trust by 0.6% in 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 purchasing an additional 4,609 shares during the period. Nuveen Asset Management LLC grew its holdings in National Storage Affiliates Trust by 0.7% in the fourth quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust's stock worth $23,463,000 after purchasing an additional 4,363 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of National Storage Affiliates Trust during the first quarter valued at approximately $23,134,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

NSA traded up $0.61 during trading on Friday, hitting $33.29. 1,195,906 shares of the company traded hands, compared to its average volume of 963,968. The company has a market cap of $2.56 billion, a PE ratio of 53.69 and a beta of 1.09. The stock's 50-day simple moving average is $31.42 and its two-hundred day simple moving average is $34.34. National Storage Affiliates Trust has a 1 year low of $28.02 and a 1 year 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.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued 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 business had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. During the same period in the previous year, the business earned $0.21 earnings per share. The business's quarterly revenue 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. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 6.8%. National Storage Affiliates Trust's payout ratio is currently 367.74%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NSA shares. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird decreased their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. BNP Paribas Exane began coverage on shares of 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. Finally, Morgan Stanley downgraded shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective on the stock. in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of "Reduce" and a consensus target price of $36.45.

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.