National Storage Affiliates Trust $NSA Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in National Storage Affiliates Trust (NSA) by 4.8%, owning approximately 0.65% of the company with a total value of $19.58 million.
• National Storage Affiliates Trust reported a Q2 EPS of $0.55, missing estimates by $0.03, and had quarterly revenue of $188.84 million—a slight decline of 0.8% year-over-year.
• The company recently declared a quarterly dividend of $0.57, yielding 7.3% with a notably high dividend payout ratio of 367.74%.

Invesco Ltd. raised its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 497,003 shares of the real estate investment trust's stock after purchasing an additional 22,641 shares during the period. Invesco Ltd. owned about 0.65% of National Storage Affiliates Trust worth $19,582,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Deutsche Bank AG grew its holdings in National Storage Affiliates Trust by 3.5% in the first quarter. Deutsche Bank AG now owns 40,043 shares of the real estate investment trust's stock valued at $1,578,000 after purchasing an additional 1,357 shares during the last quarter. Ontario Teachers Pension Plan Board grew its holdings in National Storage Affiliates Trust by 16.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 122,704 shares of the real estate investment trust's stock valued at $4,835,000 after purchasing an additional 17,522 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in National Storage Affiliates Trust by 173.3% in the first quarter. New Age Alpha Advisors LLC now owns 104,473 shares of the real estate investment trust's stock valued at $4,116,000 after purchasing an additional 66,252 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in National Storage Affiliates Trust in the first quarter valued at $2,905,000. Finally, SPC Financial Inc. grew its holdings in National Storage Affiliates Trust by 14.7% in the first quarter. SPC Financial Inc. now owns 7,800 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Down 0.9%

NSA opened at $31.04 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. The firm has a market cap of $2.38 billion, a P/E ratio of 50.06 and a beta of 1.10. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $49.44. The business's fifty day simple moving average is $31.52 and its 200 day simple moving average is $34.77.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (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 analyst estimates of $185.91 million. During the same period in the previous year, the business posted $0.21 earnings per share. The firm'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, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS 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. Shareholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 367.74%.

Wall Street Analyst Weigh In

Several analysts have weighed in on NSA shares. Barclays lowered 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. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research note on Tuesday, June 24th. Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the company a "hold" rating in a research note on Monday, May 19th. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a research note on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price objective on the stock. Finally, BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $37.54.

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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