Voya Investment Management LLC Sells 15,846 Shares of National Storage Affiliates Trust $NSA

Key Points

• Voya Investment Management LLC reduced its stake in National Storage Affiliates Trust by 8.7%, holding 166,843 shares after selling 15,846 shares during the first quarter.
• Analysts have lowered their price targets for National Storage Affiliates Trust, with UBS Group cutting the target from $39.00 to $32.00, reflecting a negative outlook with a consensus price target of $33.64.
• The company announced a quarterly dividend of $0.57 per share, with a yield of 7.4%, increasing the annualized dividend to $2.28 despite a high payout ratio of 367.74%.

Voya Investment Management LLC trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,843 shares of the real estate investment trust's stock after selling 15,846 shares during the quarter. Voya Investment Management LLC owned about 0.22% of National Storage Affiliates Trust worth $6,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. First Hawaiian Bank increased its position in National Storage Affiliates Trust by 26.7% in the 1st quarter. First Hawaiian Bank now owns 12,207 shares of the real estate investment trust's stock valued at $481,000 after buying an additional 2,570 shares in the last quarter. Empowered Funds LLC increased its position in National Storage Affiliates Trust by 2.0% in the 1st quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust's stock valued at $2,420,000 after buying an additional 1,209 shares in the last quarter. Vancity Investment Management Ltd bought a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $964,000. Arete Wealth Advisors LLC bought a new stake in National Storage Affiliates Trust in the 1st quarter valued at about $285,000. Finally, Goldman Sachs Group Inc. increased its position in National Storage Affiliates Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust's stock valued at $3,637,000 after buying an additional 27,546 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of research analyst reports. Robert W. Baird decreased their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Barclays decreased their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. BNP Paribas Exane initiated coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 target price for the company. National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company decreased their target price on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, July 23rd. Six investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $33.64.

National Storage Affiliates Trust Stock Down 2.4%

NSA stock traded down $0.73 during mid-day trading on Friday, reaching $29.89. 1,604,154 shares of the company traded hands, compared to its average volume of 1,012,423. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 48.21 and a beta of 1.09. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44. The firm's 50 day moving average price is $31.24 and its 200 day moving average price is $33.89.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced 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 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 analysts' expectations of $185.91 million. During the same quarter in the previous year, the firm 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. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 7.6%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's payout ratio is presently 367.74%.

National Storage Affiliates Trust 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.