Vancity Investment Management Ltd Acquires Shares of 24,464 National Storage Affiliates Trust $NSA

Key Points

• Vancity Investment Management Ltd acquired 24,464 shares of National Storage Affiliates Trust worth approximately $964,000, indicating strong interest from institutional investors in the REIT.
• National Storage Affiliates Trust reported $0.55 earnings per share for the last quarter, missing estimates and showing a downturn from $0.21 EPS a year earlier, alongside a revenue drop of 0.8% year-over-year.
• A quarterly dividend of $0.57 per share was announced, with a significant annual yield of 6.8%, despite a high dividend payout ratio of 367.74%.

Vancity Investment Management Ltd acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,464 shares of the real estate investment trust's stock, valued at approximately $964,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $28,000. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust during the first quarter valued at approximately $32,000. Jones Financial Companies Lllp grew its holdings in shares of National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 821 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $50,000. Finally, Brooklyn Investment Group grew its holdings in shares of National Storage Affiliates Trust by 6,617.4% during the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 1,522 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

Wall Street Analysts Forecast Growth

NSA has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target 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. BNP Paribas Exane assumed coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price target on the stock. Wall Street Zen lowered shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Morgan Stanley lowered shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a research note on Tuesday, May 27th. Finally, National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. One investment 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's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $36.45.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock traded down $0.46 during trading hours on Friday, reaching $31.93. The company had a trading volume of 997,118 shares, compared to its average volume of 1,021,883. The business has a fifty day moving average price of $31.39 and a 200-day moving average price of $34.16. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $49.44. The firm has a market cap of $2.45 billion, a PE ratio of 51.50 and a beta of 1.09. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $188.84 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced 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 7.1%. The ex-dividend date of this dividend is Monday, September 15th. 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.