Lecap Asset Management Ltd. Takes $549,000 Position in National Storage Affiliates Trust $NSA

Key Points

• Lecap Asset Management Ltd. has taken a new position in National Storage Affiliates Trust, acquiring approximately $549,000 worth of 17,155 shares in Q2.
• The company's stock is currently valued at $30.03, reflecting a 0.9% decrease, with a market cap of $2.31 billion.
• National Storage Affiliates Trust recently declared a quarterly dividend of $0.57 per share, representing an annualized yield of 7.6% and a payout ratio of 367.74%.

Lecap Asset Management Ltd. acquired a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,155 shares of the real estate investment trust's stock, valued at approximately $549,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth about $32,000. UMB Bank n.a. boosted its position in National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 379 shares during the last quarter. Jones Financial Companies Lllp grew its stake in National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 821 shares during the period. Brooklyn Investment Group grew its stake in National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 1,522 shares during the period. Finally, Parallel Advisors LLC raised its holdings in National Storage Affiliates Trust by 53.9% in the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 598 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Down 0.9%

NSA opened at $30.03 on Friday. National Storage Affiliates Trust has a 1 year low of $28.02 and a 1 year high of $46.96. The firm has a 50 day moving average price of $30.92 and a 200 day moving average price of $33.39. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $2.31 billion, a PE ratio of 48.43 and a beta of 1.08.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $185.91 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. National Storage Affiliates Trust's quarterly revenue was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio is 367.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NSA shares. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Evercore ISI lifted their price target on National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an "underperform" rating in a report on Monday, September 15th. Barclays cut their price objective on shares of 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. Truist Financial decreased their target price on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, August 25th. Finally, Wall Street Zen raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, September 20th. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $33.64.

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.

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