National Storage Affiliates Trust (NYSE:NSA) Holdings Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 12.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,224 shares of the real estate investment trust’s stock after purchasing an additional 5,729 shares during the period. Hsbc Holdings PLC’s holdings in National Storage Affiliates Trust were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its position in shares of National Storage Affiliates Trust by 20.3% in the 1st quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock worth $257,025,000 after buying an additional 1,108,176 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in National Storage Affiliates Trust by 69.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after acquiring an additional 950,171 shares during the last quarter. Wellington Management Group LLP boosted its stake in National Storage Affiliates Trust by 20.7% in the fourth quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock valued at $43,970,000 after acquiring an additional 181,644 shares during the period. TimesSquare Capital Management LLC grew its holdings in shares of National Storage Affiliates Trust by 2.5% during the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock valued at $36,852,000 after purchasing an additional 23,181 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $36,567,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 2.8 %

National Storage Affiliates Trust stock opened at $46.82 on Friday. The company’s 50-day moving average price is $45.16 and its two-hundred day moving average price is $40.73. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 24.51 and a beta of 0.98. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, analysts expect that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 4.78%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NSA. Evercore ISI boosted their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Robert W. Baird boosted their price target on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Barclays increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underweight” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group upped their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Three equities 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 company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and a consensus target price of $42.50.

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.