Vanguard Group Inc. Sells 53,303 Shares of National Storage Affiliates Trust $NSA

Key Points

• Vanguard Group Inc. reduced its stake in National Storage Affiliates Trust by 0.5%, holding approximately 12.70% of the company's shares, valued at $382.4 million.
• Despite institutional investors making various adjustments, a majority own 99.97% of National Storage Affiliates Trust, with multiple brokerages recently downgrading price targets for the stock.
• The company reported a quarterly dividend of $0.57 per share, indicating a dividend yield of 7.5%, although it has a very high dividend payout ratio of 367.74%.

Vanguard Group Inc. trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,706,113 shares of the real estate investment trust's stock after selling 53,303 shares during the quarter. Vanguard Group Inc. owned about 12.70% of National Storage Affiliates Trust worth $382,421,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NSA. Balyasny Asset Management L.P. bought a new stake in National Storage Affiliates Trust in the 4th quarter worth about $51,081,000. Woodline Partners LP purchased a new position in National Storage Affiliates Trust in the fourth quarter worth about $11,464,000. Northern Trust Corp boosted its position in National Storage Affiliates Trust by 30.7% in the fourth quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock worth $40,900,000 after purchasing an additional 253,176 shares during the last quarter. Marshall Wace LLP boosted its position in National Storage Affiliates Trust by 57.6% in the fourth quarter. Marshall Wace LLP now owns 527,355 shares of the real estate investment trust's stock worth $19,992,000 after purchasing an additional 192,765 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its position in National Storage Affiliates Trust by 404.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 238,845 shares of the real estate investment trust's stock worth $9,055,000 after purchasing an additional 191,536 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

NYSE NSA traded up $0.3350 during trading hours on Wednesday, reaching $31.4850. The company's stock had a trading volume of 197,135 shares, compared to its average volume of 881,931. The firm's 50-day moving average price is $31.62 and its 200-day moving average price is $34.83. 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 has a 1 year low of $28.02 and a 1 year high of $49.44. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 50.83 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results 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). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The business had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm's revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.2%. National Storage Affiliates Trust's payout ratio is currently 367.74%.

Wall Street Analyst Weigh In

NSA has been the topic of several research reports. Barclays dropped their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the stock a "hold" rating in a research report on Monday, May 19th. National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Finally, Wall Street Zen raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $37.54.

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.