National Storage Affiliates Trust $NSA Holdings Lifted 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. boosted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,003 shares of the real estate investment trust's stock after buying an additional 22,641 shares during the quarter. Invesco Ltd. owned 0.65% of National Storage Affiliates Trust worth $19,582,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. acquired a new position in National Storage Affiliates Trust in the 4th quarter worth $51,081,000. Northern Trust Corp raised its stake in shares of National Storage Affiliates Trust by 30.7% in the 4th quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock valued at $40,900,000 after purchasing an additional 253,176 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of National Storage Affiliates Trust by 0.6% in the 1st quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust's stock valued at $30,658,000 after purchasing an additional 4,609 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of National Storage Affiliates Trust by 0.7% in the 4th quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust's stock valued at $23,463,000 after purchasing an additional 4,363 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of National Storage Affiliates Trust by 0.3% in the 1st quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust's stock valued at $21,100,000 after purchasing an additional 1,713 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $0.48 during trading on Wednesday, reaching $32.04. 902,555 shares of the company's stock traded hands, compared to its average volume of 1,114,881. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $49.44. The company has a 50 day moving average of $31.43 and a 200-day moving average of $34.61. The stock has a market capitalization of $2.46 billion, a P/E ratio of 51.68 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same period in the prior year, the company earned $0.21 EPS. National Storage Affiliates Trust'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. On average, equities 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. Shareholders of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.1%. National Storage Affiliates Trust's dividend payout ratio is 367.74%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NSA. Morgan Stanley lowered shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price on the stock. in a research note on Tuesday, May 27th. Barclays cut their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Wells Fargo & Company cut their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 23rd. Truist Financial cut 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 note on Monday. Finally, Robert W. Baird cut their target price on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $37.13.

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.