Ontario Teachers Pension Plan Board Has $4.84 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in National Storage Affiliates Trust by 16.7% in Q1, holding a total of 122,704 shares valued at approximately $4.83 million.
• Several hedge funds modified their holdings, with 99.97% of the company's stock now owned by institutional investors.
• National Storage Affiliates Trust's recent quarterly earnings showed earnings per share of $0.55, missing estimates, and the company has a high dividend payout ratio of 386.44%, yielding 7.6% annually.

Ontario Teachers Pension Plan Board raised its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 16.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,704 shares of the real estate investment trust's stock after purchasing an additional 17,522 shares during the period. Ontario Teachers Pension Plan Board owned about 0.16% of National Storage Affiliates Trust worth $4,835,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Balyasny Asset Management L.P. bought a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $51,081,000. Wasatch Advisors LP lifted its holdings in National Storage Affiliates Trust by 8.2% during the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock worth $253,208,000 after buying an additional 506,398 shares during the last quarter. Woodline Partners LP bought a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $11,464,000. Northern Trust Corp lifted its holdings in National Storage Affiliates Trust by 30.7% during the 4th quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock worth $40,900,000 after buying an additional 253,176 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in National Storage Affiliates Trust by 57.6% during the 4th quarter. Marshall Wace LLP now owns 527,355 shares of the real estate investment trust's stock worth $19,992,000 after buying an additional 192,765 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on NSA shares. Barclays cut their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Friday. BNP Paribas Exane started coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 price target on the stock. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a report on Tuesday, June 24th. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Finally, Wells Fargo & Company cut their target price on 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. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $37.96.

National Storage Affiliates Trust Stock Down 0.1%

Shares of NSA stock traded down $0.02 on Monday, reaching $29.75. 373,936 shares of the company's stock traded hands, compared to its average volume of 871,618. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-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 company has a market capitalization of $2.28 billion, a P/E ratio of 47.98 and a beta of 1.10. The business's 50 day moving average price is $32.12 and its two-hundred day moving average price is $35.16.

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

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.57 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 7.7%. National Storage Affiliates Trust's payout ratio is 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.