Victory Capital Management Inc. boosted its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 231,731 shares of the real estate investment trust's stock after buying an additional 8,848 shares during the period. Victory Capital Management Inc. owned 0.30% of National Storage Affiliates Trust worth $9,130,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in NSA. Fourth Dimension Wealth LLC purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter worth about $28,000. Quarry LP raised its holdings in shares of National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 756 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $50,000. Parallel Advisors LLC raised its holdings in shares of National Storage Affiliates Trust by 53.9% during the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 598 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of National Storage Affiliates Trust by 279.8% during the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 1,276 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on NSA shares. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. BNP Paribas Exane started coverage on National Storage Affiliates Trust in a research note on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price objective for the company. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a research note on Tuesday, May 27th. Finally, Wall Street Zen lowered National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Six equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust has an average rating of "Hold" and an average price target of $38.38.
Get Our Latest Report on NSA
National Storage Affiliates Trust Stock Down 0.3%
Shares of NSA stock traded down $0.10 on Friday, reaching $31.37. 857,374 shares of the company's stock traded hands, compared to its average volume of 1,207,429. The company has a market capitalization of $2.40 billion, a P/E ratio of 53.16 and a beta of 1.12. The business's 50 day moving average price is $33.11 and its two-hundred day moving average price is $35.65. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.22 and a current ratio of 0.22.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The company's revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.
National Storage Affiliates Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.57 per share. 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 7.27%. National Storage Affiliates Trust's dividend payout ratio is 386.44%.
About National Storage Affiliates Trust
(
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.
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