Walleye Capital LLC Takes $928,000 Position in National Storage Affiliates Trust $NSA

Key Points

• Walleye Capital LLC has acquired a new stake in National Storage Affiliates Trust, purchasing 23,544 shares valued at approximately $928,000.
• National Storage Affiliates Trust recently declared a quarterly dividend of $0.57 per share, representing an annualized yield of 7.1%.
• The company's stock is currently facing challenges, with analysts providing mixed ratings and a reported EPS of $0.55 for the last quarter, missing expectations.

Walleye Capital LLC bought a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,544 shares of the real estate investment trust's stock, valued at approximately $928,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NSA. Balyasny Asset Management L.P. purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $51,081,000. Nuveen LLC purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at approximately $23,134,000. Woodline Partners LP purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $11,464,000. Northern Trust Corp lifted its stake in shares of National Storage Affiliates Trust by 30.7% in the 4th quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock valued at $40,900,000 after purchasing an additional 253,176 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of National Storage Affiliates Trust by 17,179.8% in the 1st quarter. Sound Income Strategies LLC now owns 142,558 shares of the real estate investment trust's stock valued at $5,617,000 after purchasing an additional 141,733 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Up 1.0%

National Storage Affiliates Trust stock opened at $32.26 on Friday. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 52.03 and a beta of 1.10. The stock has a fifty day simple moving average of $31.41 and a two-hundred day simple moving average of $34.51. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $49.44. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its 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). The business had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Monday, September 15th. National Storage Affiliates Trust's payout ratio is currently 367.74%.

Analyst Upgrades and Downgrades

NSA has been the subject of a number of research analyst reports. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen lowered National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research report on Saturday. 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 report on Tuesday, May 27th. Finally, Truist Financial reduced their price objective on National Storage Affiliates Trust from $37.00 to $32.00 and set a "hold" rating for the company in a research report on Monday, August 25th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, National Storage Affiliates Trust presently has an average rating of "Reduce" and an average target price of $36.45.

National Storage Affiliates Trust Company 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.

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