MetLife Investment Management LLC Grows Stake in National Storage Affiliates Trust $NSA

Key Points

• MetLife Investment Management LLC significantly increased its holdings in National Storage Affiliates Trust by 630.5% in the first quarter, now owning approximately 0.40% of the company worth nearly $12 million.
• The stock price of National Storage Affiliates Trust has been volatile, with a current trading price of $31.74, compared to its 52-week range of $28.02 to $49.44.
• National Storage Affiliates Trust declared a quarterly dividend of $0.57 per share, which represents an annualized yield of 7.2% despite a high dividend payout ratio of 367.74%.

MetLife Investment Management LLC raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 630.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303,860 shares of the real estate investment trust's stock after buying an additional 262,265 shares during the quarter. MetLife Investment Management LLC owned about 0.40% of National Storage Affiliates Trust worth $11,972,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NSA. Fourth Dimension Wealth LLC acquired a new stake in National Storage Affiliates Trust during the 4th quarter valued at $28,000. Quarry LP grew its holdings in National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 756 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in National Storage Affiliates Trust during the 4th quarter valued at $50,000. Brooklyn Investment Group boosted its holdings in shares of National Storage Affiliates Trust by 6,617.4% during the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 1,522 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of National Storage Affiliates Trust by 53.9% during the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 598 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their price objective on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating on the stock in a report on Monday, August 25th. Barclays decreased their price objective 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. Wall Street Zen cut National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Saturday. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price objective on the stock. Finally, National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $36.45.

National Storage Affiliates Trust Trading Up 1.0%

National Storage Affiliates Trust stock traded up $0.32 during midday trading on Friday, reaching $32.26. The stock had a trading volume of 711,186 shares, compared to its average volume of 1,094,022. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. The stock has a market capitalization of $2.48 billion, a PE ratio of 52.03 and a beta of 1.10. 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 stock's 50-day simple moving average is $31.41 and its 200 day simple moving average is $34.51.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. During the same quarter in the previous year, the business posted $0.21 EPS. National Storage Affiliates Trust's 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. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 dividend on an annualized basis and a yield of 7.1%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 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.