Massachusetts Financial Services Co. MA Has $31.56 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Massachusetts Financial Services Co. MA decreased its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 26.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,008 shares of the real estate investment trust's stock after selling 290,919 shares during the period. Massachusetts Financial Services Co. MA owned 1.05% of National Storage Affiliates Trust worth $31,560,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC lifted its stake 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 valued at $234,000 after purchasing an additional 413 shares during the last quarter. Hudson Edge Investment Partners Inc. acquired a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $687,000. M&T Bank Corp lifted its stake in National Storage Affiliates Trust by 50.1% in the 1st quarter. M&T Bank Corp now owns 20,112 shares of the real estate investment trust's stock valued at $792,000 after purchasing an additional 6,710 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $805,000. Finally, Peregrine Capital Management LLC lifted its stake in National Storage Affiliates Trust by 47,286.2% in the 1st quarter. Peregrine Capital Management LLC now owns 137,420 shares of the real estate investment trust's stock valued at $5,414,000 after purchasing an additional 137,130 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. National Bankshares set a $33.00 price objective on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. 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 for the company. in a research report on Tuesday, May 27th. BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price objective for the company. Finally, Truist Financial set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research report on Monday, May 19th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust currently has an average rating of "Hold" and an average target price of $38.63.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA remained flat at $31.38 during midday trading on Friday. 1,453,913 shares of the company's stock were exchanged, compared to its average volume of 737,421. The company's 50 day moving average price is $33.41 and its 200-day moving average price is $35.80. The stock has a market capitalization of $2.40 billion, a PE ratio of 53.19 and a beta of 1.12. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The company had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. On average, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.27%. National Storage Affiliates Trust's payout ratio is presently 386.44%.

National Storage Affiliates Trust 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.