National Storage Affiliates Trust (NYSE:NSA) Holdings Boosted by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,959 shares of the real estate investment trust’s stock after buying an additional 31,433 shares during the period. Ontario Teachers Pension Plan Board owned 0.15% of National Storage Affiliates Trust worth $5,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NSA. Commonwealth Equity Services LLC acquired a new position in shares of National Storage Affiliates Trust during the third quarter valued at approximately $383,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of National Storage Affiliates Trust by 137.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,272 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 9,993 shares during the period. Allworth Financial LP increased its stake in shares of National Storage Affiliates Trust by 83.6% during the third quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 377 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of National Storage Affiliates Trust by 4.8% during the third quarter. Daiwa Securities Group Inc. now owns 26,449 shares of the real estate investment trust’s stock valued at $839,000 after acquiring an additional 1,223 shares during the period. Finally, M&T Bank Corp increased its stake in shares of National Storage Affiliates Trust by 11.2% during the third quarter. M&T Bank Corp now owns 13,273 shares of the real estate investment trust’s stock valued at $421,000 after acquiring an additional 1,334 shares during the period. Institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NSA. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, January 30th. They set a “sell” rating and a $33.00 price objective on the stock. Barclays initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.44.

National Storage Affiliates Trust Trading Down 0.0 %

NYSE NSA traded down $0.01 on Wednesday, hitting $36.99. 353,229 shares of the stock were exchanged, compared to its average volume of 756,455. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $42.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 19.37 and a beta of 0.87. The company’s 50-day moving average price is $36.93 and its two-hundred day moving average price is $36.83.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The firm had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. During the same period in the previous year, the company posted $0.66 EPS. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Research analysts predict that National Storage Affiliates Trust will post 2.5 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 117.28%.

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.