Public Employees Retirement Association of Colorado Sells 562 Shares of National Storage Affiliates Trust (NYSE:NSA)

Public Employees Retirement Association of Colorado reduced its stake in National Storage Affiliates Trust (NYSE:NSA) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,883 shares of the real estate investment trust’s stock after selling 562 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in National Storage Affiliates Trust were worth $366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $2,468,000. Balyasny Asset Management L.P. lifted its stake in National Storage Affiliates Trust by 69.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock valued at $95,789,000 after acquiring an additional 950,171 shares in the last quarter. D. Scott Neal Inc. lifted its stake in National Storage Affiliates Trust by 20.3% in the 2nd quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock valued at $11,425,000 after acquiring an additional 46,848 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of National Storage Affiliates Trust by 86.2% during the 1st quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock worth $3,350,000 after acquiring an additional 39,609 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of National Storage Affiliates Trust by 371.6% in the first quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock valued at $3,284,000 after purchasing an additional 66,082 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 1.4 %

NSA stock opened at $47.47 on Friday. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $49.44. The business’s 50 day simple moving average is $45.16 and its 200 day simple moving average is $40.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $3.56 billion, a PE ratio of 24.85 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data 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 company had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 earnings per share. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued 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 4.72%. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

Analyst Ratings Changes

NSA has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Evercore ISI upped their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Robert W. Baird raised their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Truist Financial upped their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.