Nuveen LLC Makes New $23.13 Million Investment in National Storage Affiliates Trust $NSA

Key Points

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Nuveen LLC bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 587,150 shares of the real estate investment trust's stock, valued at approximately $23,134,000. Nuveen LLC owned 0.77% of National Storage Affiliates Trust as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Nissay Asset Management Corp Japan ADV lifted its stake in National Storage Affiliates Trust by 4.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,211 shares of the real estate investment trust's stock valued at $385,000 after acquiring an additional 398 shares during the period. Concurrent Investment Advisors LLC lifted its stake in 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 valued at $234,000 after acquiring an additional 413 shares during the period. Cerity Partners LLC lifted its stake in 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 valued at $2,167,000 after acquiring an additional 483 shares during the period. State of Alaska Department of Revenue lifted its stake in 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 valued at $1,661,000 after acquiring an additional 499 shares during the period. Finally, Moseley Investment Management Inc. lifted its stake in National Storage Affiliates Trust by 2.4% during the 1st 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 period. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NSA traded down $0.27 on Thursday, hitting $31.04. 776,697 shares of the company's stock traded hands, compared to its average volume of 886,432. The company's 50 day simple moving average is $31.57 and its 200-day simple moving average is $34.81. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 50.06 and a beta of 1.10. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $49.44. 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 (NYSE:NSA - Get Free Report) last released 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 company had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. During the same period last year, the firm posted $0.21 EPS. National Storage Affiliates Trust's quarterly 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. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, September 15th. National Storage Affiliates Trust's payout ratio is 367.74%.

Analysts Set New Price Targets

NSA has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a research note on Tuesday, June 24th. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Finally, Barclays cut their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of "Reduce" and a consensus target price of $37.54.

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.