Natixis Advisors LLC Has $3.61 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Key Points

• Natixis Advisors LLC increased its holdings in National Storage Affiliates Trust (NSA) by 14.3%, owning approximately 0.12% of the company, which is valued at $3.6 million.
• The company reported $0.55 earnings per share (EPS) for the last quarter, missing analyst expectations by $0.03, while its revenue decreased by 0.8% year-over-year.
• National Storage Affiliates Trust declared a quarterly dividend of $0.57, resulting in an annualized yield of 7.6%, with a substantial dividend payout ratio of 386.44%.

Natixis Advisors LLC grew its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,572 shares of the real estate investment trust's stock after purchasing an additional 11,460 shares during the period. Natixis Advisors LLC owned about 0.12% of National Storage Affiliates Trust worth $3,608,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NSA. Nissay Asset Management Corp Japan ADV grew its stake in National Storage Affiliates Trust by 4.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock worth $385,000 after buying an additional 398 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 7.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust's stock worth $234,000 after acquiring an additional 413 shares during the period. Cerity Partners LLC lifted its holdings in shares of National Storage Affiliates Trust by 0.9% during the 1st quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust's stock worth $2,167,000 after acquiring an additional 483 shares during the period. State of Alaska Department of Revenue boosted its position in shares of National Storage Affiliates Trust by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 42,213 shares of the real estate investment trust's stock worth $1,661,000 after acquiring an additional 499 shares in the last quarter. Finally, Moseley Investment Management Inc. increased its stake in National Storage Affiliates Trust by 2.4% in the first quarter. Moseley Investment Management Inc. now owns 24,944 shares of the real estate investment trust's stock valued at $983,000 after acquiring an additional 577 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NSA shares. National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research note on Tuesday, June 24th. Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a research report on Tuesday, May 27th. Wall Street Zen lowered National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. BNP Paribas Exane assumed 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 on the stock. Finally, Wells Fargo & Company dropped their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.38.

National Storage Affiliates Trust Trading Up 0.2%

Shares of NSA stock traded up $0.06 during mid-day trading on Thursday, reaching $30.25. 914,343 shares of the stock traded hands, compared to its average volume of 1,118,438. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 48.79 and a beta of 1.10. The company has a quick ratio of 0.22, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. The stock's fifty day simple moving average is $32.21 and its two-hundred day simple moving average is $35.23. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $185.91 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm's quarterly revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

About National Storage Affiliates Trust

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.