Pensionfund DSM Netherlands Has $209,000 Holdings in National Storage Affiliates Trust $NSA

Key Points

• Pensionfund DSM Netherlands reduced its stake in National Storage Affiliates Trust (NSA) by 66.5%, owning 5,300 shares valued at $209,000 after selling 10,500 shares in Q1.
• National Storage Affiliates Trust's recent quarterly earnings fell short of analysts' expectations, reporting $0.55 EPS against an estimated $0.58 EPS, with a revenue of $188.84 million.
• The company announced a quarterly dividend of $0.57 per share, representing a 7.1% yield based on an annualized dividend of $2.28.

Pensionfund DSM Netherlands cut its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 66.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,300 shares of the real estate investment trust's stock after selling 10,500 shares during the period. Pensionfund DSM Netherlands' holdings in National Storage Affiliates Trust were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of National Storage Affiliates Trust by 42.5% in the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust's stock worth $3,637,000 after acquiring an additional 27,546 shares during the last quarter. First Hawaiian Bank raised its stake in shares of National Storage Affiliates Trust by 26.7% in the first quarter. First Hawaiian Bank now owns 12,207 shares of the real estate investment trust's stock worth $481,000 after acquiring an additional 2,570 shares during the last quarter. Empowered Funds LLC raised its stake in shares of National Storage Affiliates Trust by 2.0% in the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust's stock worth $2,420,000 after acquiring an additional 1,209 shares during the last quarter. Vancity Investment Management Ltd bought a new position in shares of National Storage Affiliates Trust in the first quarter worth about $964,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of National Storage Affiliates Trust in the first quarter worth about $285,000. 99.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BNP Paribas raised shares of National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. Truist Financial lowered their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating for the company in a research report on Monday, August 25th. Finally, Evercore ISI lifted their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an "underperform" rating in a research report on Monday. Six analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $33.64.

National Storage Affiliates Trust Trading Up 0.4%

NYSE NSA traded up $0.14 during trading on Thursday, reaching $30.84. 484,757 shares of the stock traded hands, compared to its average volume of 901,618. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 49.72 and a beta of 1.09. The stock's 50-day moving average price is $31.32 and its 200 day moving average price is $34.00. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) 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 firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared 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 7.4%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust's dividend 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.