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 cut its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 8.7% in the 1st quarter, according to the company in 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 period. Voya Investment Management LLC owned 0.22% of National Storage Affiliates Trust worth $6,574,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $28,000. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust in the 1st quarter valued at about $32,000. Jones Financial Companies Lllp lifted its position in National Storage Affiliates Trust by 207.3% in 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 acquiring an additional 821 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in National Storage Affiliates Trust in the 4th quarter valued at about $50,000. Finally, Brooklyn Investment Group lifted its position in National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 1,522 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock traded down $0.73 during trading hours on Friday, hitting $29.89. 1,604,154 shares of the company were exchanged, compared to its average volume of 1,026,707. The firm has a fifty day simple moving average of $31.24 and a 200 day simple moving average of $33.82. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $49.44. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 48.21 and a beta of 1.09.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its 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 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 previous year, the firm earned $0.21 EPS. The company's revenue was down .8% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.57 per share. 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 367.74%.

Analyst Ratings Changes

NSA has been the topic of several recent research reports. Robert W. Baird dropped their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Evercore ISI raised their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an "underperform" rating in a research report on Monday, September 15th. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Finally, UBS Group dropped their price target on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 16th. Six equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $33.64.

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.