Natixis Advisors LLC Raises Holdings 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 raised its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 0.12% of National Storage Affiliates Trust worth $3,608,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at $51,081,000. Wasatch Advisors LP lifted its stake in shares of National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after acquiring an additional 506,398 shares during the last quarter. Woodline Partners LP bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at $11,464,000. Northern Trust Corp lifted its stake in shares of National Storage Affiliates Trust by 30.7% in the 4th quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock valued at $40,900,000 after acquiring an additional 253,176 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of National Storage Affiliates Trust by 57.6% in the 4th quarter. Marshall Wace LLP now owns 527,355 shares of the real estate investment trust's stock valued at $19,992,000 after acquiring an additional 192,765 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Barclays decreased their price objective on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Friday. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a report on Tuesday, June 24th. Truist Financial set a $37.00 price target on National Storage Affiliates Trust and gave the stock a "hold" rating in a report on Monday, May 19th. Wall Street Zen upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a report on Saturday. Finally, BNP Paribas Exane began coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price target for the company. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $37.96.

National Storage Affiliates Trust Stock Performance

Shares of NSA traded down $0.48 during mid-day trading on Friday, hitting $29.76. The stock had a trading volume of 909,605 shares, compared to its average volume of 1,119,927. The firm has a market cap of $2.28 billion, a P/E ratio of 48.00 and a beta of 1.10. The business has a fifty day moving average price of $32.12 and a 200-day moving average price of $35.17. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.22. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $49.44.

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 the consensus estimate of $0.58 by ($0.03). The firm had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared 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 of this dividend was Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 7.7%. National Storage Affiliates Trust's dividend 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.