HighTower Advisors LLC Takes Position in National Storage Affiliates Trust $NSA

HighTower Advisors LLC acquired a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,432 shares of the real estate investment trust's stock, valued at approximately $332,000.

Other large investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth approximately $51,081,000. Northern Trust Corp increased its stake in National Storage Affiliates Trust by 30.7% during the 4th quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock worth $40,900,000 after acquiring an additional 253,176 shares during the period. GW&K Investment Management LLC increased its stake in National Storage Affiliates Trust by 0.6% during the 1st 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 period. Nuveen Asset Management LLC increased 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 worth $23,463,000 after acquiring an additional 4,363 shares during the period. Finally, Nuveen LLC bought a new position in National Storage Affiliates Trust during the 1st quarter worth $23,134,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Barclays cut their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Robert W. Baird cut their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Morgan Stanley downgraded 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 note on Tuesday, May 27th. Finally, Truist Financial dropped their price objective on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a research note on Monday, August 25th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $36.45.

National Storage Affiliates Trust Stock Up 1.3%

Shares of National Storage Affiliates Trust stock traded up $0.44 on Thursday, hitting $32.67. The company had a trading volume of 1,548,978 shares, compared to its average volume of 889,638. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 52.69 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 stock has a 50 day moving average of $31.38 and a 200-day moving average of $34.42. 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 issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The business's revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced 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 of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 7.0%. National Storage Affiliates Trust's dividend payout ratio is currently 367.74%.

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.