Sound Income Strategies LLC Sells 32,118 Shares of National Storage Affiliates Trust $NSA

Key Points

• Sound Income Strategies LLC reduced its stake in National Storage Affiliates Trust by 15.2%, having sold 32,118 shares and finishing the quarter with 179,472 shares (about 0.23%) valued at $5.06M; institutional ownership is 99.97%.
• NSA pays a quarterly dividend of $0.57 (annualized $2.28) for a dividend yield of 5.8%, but the dividend payout ratio is extremely high at 330.43%, which raises sustainability concerns.
• Operationally, NSA reported $0.57 EPS vs $0.55 expected while revenue fell 1.6% YoY and management guided FY2026 EPS to $2.13–2.25; the stock trades at a P/E of 56.98 with a debt-to-equity of 2.86, and the Street's consensus price target of $33.60 is below the current share price (~$39.32).

Sound Income Strategies LLC cut its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 179,472 shares of the real estate investment trust's stock after selling 32,118 shares during the period. Sound Income Strategies LLC owned about 0.23% of National Storage Affiliates Trust worth $5,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NSA. Balyasny Asset Management L.P. grew its position in National Storage Affiliates Trust by 172.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust's stock valued at $100,670,000 after acquiring an additional 1,989,965 shares during the period. Bank of America Corp DE grew its position in National Storage Affiliates Trust by 159.2% in the third quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust's stock valued at $35,169,000 after acquiring an additional 714,840 shares during the period. Hudson Bay Capital Management LP bought a new stake in National Storage Affiliates Trust in the third quarter valued at $33,082,000. Schonfeld Strategic Advisors LLC grew its position in National Storage Affiliates Trust by 723.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust's stock valued at $32,261,000 after acquiring an additional 937,939 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in National Storage Affiliates Trust by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,058,899 shares of the real estate investment trust's stock valued at $32,000,000 after acquiring an additional 14,128 shares during the period. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NSA stock opened at $39.32 on Tuesday. The stock's fifty day moving average is $34.92 and its 200-day moving average is $31.80. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $3.03 billion, a PE ratio of 56.98 and a beta of 1.08. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $41.37.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $187.03 million for the quarter, compared to analysts' expectations of $187.24 million. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. Equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Friday, March 13th. National Storage Affiliates Trust's dividend payout ratio is presently 330.43%.

Wall Street Analyst Weigh In

NSA has been the topic of a number of analyst reports. Barclays upped their price target on National Storage Affiliates Trust from $33.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, March 5th. Truist Financial upped their price target on National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a "hold" rating in a research report on Tuesday, January 20th. Mizuho upped their price target on National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, January 12th. Zacks Research upgraded National Storage Affiliates Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, December 8th. Finally, UBS Group lowered their price target on National Storage Affiliates Trust from $30.00 to $29.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Twelve equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $33.60.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.

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