Vancity Investment Management Ltd purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,464 shares of the real estate investment trust's stock, valued at approximately $964,000.
A number of other large investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC bought a new position in National Storage Affiliates Trust during the 1st quarter worth approximately $285,000. Goldman Sachs Group Inc. lifted its holdings in National Storage Affiliates Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust's stock valued at $3,637,000 after purchasing an additional 27,546 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in National Storage Affiliates Trust during the first quarter valued at about $198,000. Jones Financial Companies Lllp increased its position 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 period. Finally, UniSuper Management Pty Ltd increased its position in shares of National Storage Affiliates Trust by 1.5% during the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust's stock valued at $776,000 after buying an additional 300 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.
National Storage Affiliates Trust Stock Performance
NYSE:NSA opened at $33.29 on Monday. The stock has a market cap of $2.56 billion, a P/E ratio of 53.69 and a beta of 1.09. The firm's fifty day simple moving average is $31.42 and its 200 day simple moving average is $34.31. National Storage Affiliates Trust has a twelve month low of $28.02 and a twelve month high of $49.44. 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 (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $188.84 million during 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 revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.
National Storage Affiliates Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 6.8%. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 367.74%.
Analyst Ratings Changes
A number of brokerages recently weighed in on NSA. BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 target price on the stock. Wells Fargo & Company cut 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. Wall Street Zen cut shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. 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 on the stock. in a report on Tuesday, May 27th. Finally, BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $36.45.
Read Our Latest Analysis on National Storage Affiliates Trust
National Storage Affiliates Trust Company Profile
(
Free Report)
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.
Further Reading
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