Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 55,569 National Storage Affiliates Trust (NYSE:NSA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 55,569 shares of the real estate investment trust's stock, valued at approximately $2,189,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of National Storage Affiliates Trust at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. GW&K Investment Management LLC increased its stake 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 valued at $30,658,000 after acquiring an additional 4,609 shares during the period. IFP Advisors Inc increased its stake in shares of National Storage Affiliates Trust by 411.8% during the first quarter. IFP Advisors Inc now owns 5,220 shares of the real estate investment trust's stock valued at $206,000 after acquiring an additional 4,200 shares during the period. Victory Capital Management Inc. boosted its holdings in National Storage Affiliates Trust by 4.0% during the first quarter. Victory Capital Management Inc. now owns 231,731 shares of the real estate investment trust's stock worth $9,130,000 after buying an additional 8,848 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in National Storage Affiliates Trust during the first quarter worth approximately $2,905,000. Finally, Cerity Partners LLC boosted its holdings in National Storage Affiliates Trust by 0.9% during the first quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust's stock worth $2,167,000 after buying an additional 483 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Up 0.3%

Shares of National Storage Affiliates Trust stock traded up $0.10 on Friday, hitting $29.56. The stock had a trading volume of 1,041,058 shares, compared to its average volume of 1,021,106. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.54. National Storage Affiliates Trust has a one year low of $29.02 and a one year high of $49.44. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 50.10 and a beta of 1.10. The stock's 50-day simple moving average is $32.54 and its two-hundred day simple moving average is $35.40.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The firm had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. During the same quarter in the prior year, the business posted $0.60 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.57 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 386.44%.

Wall Street Analyst Weigh In

NSA has been the subject of a number of research reports. Morgan Stanley cut shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a report on Tuesday, May 27th. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Friday, June 27th. 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 on the stock in a report on Wednesday, July 23rd. Finally, Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a report on Monday, May 19th. Six analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $38.38.

About National Storage Affiliates Trust

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.