Peregrine Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 47,286.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,420 shares of the real estate investment trust's stock after buying an additional 137,130 shares during the period. Peregrine Capital Management LLC owned 0.18% of National Storage Affiliates Trust worth $5,414,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in National Storage Affiliates Trust by 4.0% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 78,217 shares of the real estate investment trust's stock valued at $3,082,000 after purchasing an additional 3,032 shares during the last quarter. Highland Capital Management LLC acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at approximately $281,000. Wealthquest Corp acquired a new position in National Storage Affiliates Trust in the 1st quarter valued at approximately $565,000. Oppenheimer Asset Management Inc. increased its stake in shares of National Storage Affiliates Trust by 1.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 90,768 shares of the real estate investment trust's stock worth $3,576,000 after purchasing an additional 916 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of National Storage Affiliates Trust by 279.8% during the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 1,276 shares during the last quarter. Institutional investors own 99.97% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on NSA shares. Barclays decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Mizuho started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Morgan Stanley cut shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a research report on Tuesday, May 27th. BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price objective for the company. Finally, Robert W. Baird lowered their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $38.63.
Get Our Latest Stock Report on National Storage Affiliates Trust
National Storage Affiliates Trust Stock Down 0.6%
NSA traded down $0.20 during trading on Wednesday, reaching $32.48. The company had a trading volume of 1,677,578 shares, compared to its average volume of 721,447. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.22 and a quick ratio of 0.22. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The business's fifty day moving average price is $34.50 and its 200 day moving average price is $36.34. The company has a market cap of $2.48 billion, a P/E ratio of 55.05 and a beta of 1.12.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The business had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same quarter last year, the business earned $0.60 earnings per share. National Storage Affiliates Trust's revenue for the quarter was down 4.0% on a year-over-year basis. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.
National Storage Affiliates Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.57 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.02%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 386.44%.
About National Storage Affiliates Trust
(
Free Report)
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.
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