National Storage Affiliates Trust $NSA Shares Purchased by Bessemer Group Inc.

Key Points

• Bessemer Group Inc. increased its stake in National Storage Affiliates Trust by 53.1% in the first quarter, buying 60,355 additional shares and bringing its total holdings to 173,985 shares valued at about $6.57 million.
• Several other institutional investors also boosted positions, and hedge funds and institutions now own 99.97% of the company’s stock, highlighting heavy institutional ownership.
• Analysts remain cautious overall: recent price targets were raised by several firms, but the stock still carries a consensus “Reduce” rating with an average target price of $38.60, below the recent trading price of $44.55.

Bessemer Group Inc. raised its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 53.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,985 shares of the real estate investment trust's stock after acquiring an additional 60,355 shares during the period. Bessemer Group Inc. owned approximately 0.23% of National Storage Affiliates Trust worth $6,566,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust during the first quarter valued at about $32,000. UMB Bank n.a. increased its stake in National Storage Affiliates Trust by 650.0% during the 4th quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 975 shares during the period. Jones Financial Companies Lllp increased its stake in National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 821 shares during the period. Parallel Advisors LLC raised its position in shares of National Storage Affiliates Trust by 42.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust's stock worth $43,000 after buying an additional 424 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of National Storage Affiliates Trust by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust's stock worth $61,000 after buying an additional 541 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on NSA shares. Truist Financial boosted their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a "hold" rating in a report on Tuesday, June 23rd. Citigroup boosted their price objective on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a "neutral" rating in a research note on Tuesday, May 12th. Barclays upped their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Monday, April 20th. UBS Group raised their target price on National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Finally, Evercore set a $46.00 target price on National Storage Affiliates Trust and gave the stock a "cautious" rating in a report on Monday, July 6th. Twelve equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $38.60.

National Storage Affiliates Trust Price Performance

NYSE NSA opened at $44.55 on Monday. The stock has a market capitalization of $3.44 billion, a P/E ratio of 59.40 and a beta of 1.03. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $46.47. The business's fifty day moving average is $43.99 and its two-hundred day moving average is $38.73. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.38). The company had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The business's revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 earnings per share. On average, research analysts forecast that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st will be paid a $0.0336 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 304.00%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.

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