National Storage Affiliates Trust $NSA Shares Bought by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in National Storage Affiliates Trust (NSA) by 49.0% in Q1, owning 92,744 shares worth approximately $3.65 million.
• Multiple analysts have downgraded NSA, with Morgan Stanley giving it an "underweight" rating and setting a price target of $30.00, reflecting bearish sentiment in the market.
• NSA recently declared a quarterly dividend of $0.57 per share, yielding 7.3%, although its dividend payout ratio is considerably high at 367.74%.

Fuller & Thaler Asset Management Inc. boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 49.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,744 shares of the real estate investment trust's stock after buying an additional 30,501 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.12% of National Storage Affiliates Trust worth $3,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of NSA. Barclays PLC lifted its holdings in National Storage Affiliates Trust by 188.2% during the fourth quarter. Barclays PLC now owns 159,653 shares of the real estate investment trust's stock worth $6,053,000 after buying an additional 104,264 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in National Storage Affiliates Trust by 10.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 137,327 shares of the real estate investment trust's stock worth $5,208,000 after buying an additional 12,590 shares during the period. MetLife Investment Management LLC lifted its holdings in National Storage Affiliates Trust by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 41,595 shares of the real estate investment trust's stock worth $1,577,000 after buying an additional 3,384 shares during the period. Tower Research Capital LLC TRC lifted its holdings in National Storage Affiliates Trust by 334.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,509 shares of the real estate investment trust's stock worth $626,000 after buying an additional 12,709 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in National Storage Affiliates Trust by 13.1% during the fourth quarter. Hsbc Holdings PLC now owns 52,965 shares of the real estate investment trust's stock worth $2,008,000 after buying an additional 6,142 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA traded up $1.07 during mid-day trading on Friday, hitting $32.14. The stock had a trading volume of 1,318,587 shares, compared to its average volume of 1,083,995. 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 company has a 50 day moving average of $31.50 and a two-hundred day moving average of $34.72. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. The firm has a market cap of $2.47 billion, a PE ratio of 51.84 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $0.21 earnings per share. National Storage Affiliates Trust's 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. Research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal 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 given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio is presently 367.74%.

Analyst Ratings Changes

A number of research firms have weighed in on NSA. Robert W. Baird lowered their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. BNP Paribas Exane began coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price target on the stock. Wall Street Zen raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Finally, Barclays reduced their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Reduce" and a consensus target price 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.