Louisiana State Employees Retirement System Sells 300 Shares of National Storage Affiliates Trust (NYSE:NSA)

Louisiana State Employees Retirement System reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,400 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in National Storage Affiliates Trust were worth $935,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Swedbank AB acquired a new stake in National Storage Affiliates Trust during the first quarter worth about $16,056,000. Long Pond Capital LP acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $16,198,000. Ontario Teachers Pension Plan Board increased its stake in National Storage Affiliates Trust by 94.0% in the first quarter. Ontario Teachers Pension Plan Board now owns 244,300 shares of the real estate investment trust’s stock valued at $9,567,000 after acquiring an additional 118,341 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in National Storage Affiliates Trust during the second quarter valued at approximately $4,534,000. Finally, Leeward Investments LLC MA raised its position in National Storage Affiliates Trust by 30.9% during the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after purchasing an additional 97,786 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NSA shares. Truist Financial lifted their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Jefferies Financial Group increased 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 report on Wednesday, September 18th. Evercore ISI raised their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Finally, KeyCorp cut shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.83.

National Storage Affiliates Trust Trading Down 1.3 %

NSA opened at $41.62 on Monday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a fifty-two week low of $29.13 and a fifty-two week high of $49.44. The company’s 50 day moving average price is $45.77 and its two-hundred day moving average price is $42.03. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 24.34 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The business had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS. As a group, research analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.38%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

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.