Pensionfund DSM Netherlands Has $209,000 Stock 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 shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 66.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GW&K Investment Management LLC raised its position in shares of National Storage Affiliates Trust by 0.6% during the first quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust's stock worth $30,658,000 after purchasing an additional 4,609 shares during the period. Alliancebernstein L.P. raised its position in shares of National Storage Affiliates Trust by 5.3% during the first quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust's stock worth $30,131,000 after purchasing an additional 38,573 shares during the period. Nuveen Asset Management LLC raised its position in shares of National Storage Affiliates Trust by 0.7% during the fourth quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust's stock worth $23,463,000 after purchasing an additional 4,363 shares during the period. Nuveen LLC acquired a new stake in shares of National Storage Affiliates Trust during the first quarter worth $23,134,000. Finally, LPL Financial LLC raised its position in National Storage Affiliates Trust by 0.3% during the first quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust's stock valued at $21,100,000 after buying an additional 1,713 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NSA shares. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a research report on Tuesday, June 24th. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Robert W. Baird dropped their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target on the stock. in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $36.45.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $31.93 on Friday. 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 cap of $2.45 billion, a price-to-earnings ratio of 51.50 and a beta of 1.09. The business's 50-day simple moving average is $31.39 and its 200-day simple moving average is $34.16. 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 quarterly earnings data 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). The company 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 was down .8% on a year-over-year basis. 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. As a group, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date 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 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.

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