Nuveen LLC Invests $23.13 Million in National Storage Affiliates Trust $NSA

Key Points

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

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of National Storage Affiliates Trust by 4.1% in 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 acquiring an additional 398 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 7.5% in the first 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 last quarter. Cerity Partners LLC lifted its holdings in shares of National Storage Affiliates Trust by 0.9% in the first 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 last quarter. State of Alaska Department of Revenue lifted its holdings in shares of National Storage Affiliates Trust by 1.2% in the first 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 during the last quarter. Finally, Moseley Investment Management Inc. lifted its holdings in shares of 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 worth $983,000 after acquiring an additional 577 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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. Robert W. Baird dropped their target price on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price objective for the company. Finally, Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the company a "hold" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of "Reduce" and a consensus price target of $37.54.

National Storage Affiliates Trust Trading Up 3.4%

Shares of National Storage Affiliates Trust stock traded up $1.07 on Friday, hitting $32.14. The stock had a trading volume of 1,318,587 shares, compared to its average volume of 1,083,995. The stock has a 50 day moving average of $31.50 and a 200 day moving average of $34.72. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market capitalization of $2.47 billion, a P/E ratio of 51.84 and a beta of 1.10.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). The firm had revenue of $188.84 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.1%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 367.74%.

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.