IFM Investors Pty Ltd Decreases Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

IFM Investors Pty Ltd trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,973 shares of the real estate investment trust’s stock after selling 679 shares during the quarter. IFM Investors Pty Ltd’s holdings in National Storage Affiliates Trust were worth $770,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in National Storage Affiliates Trust during the 2nd quarter valued at approximately $33,000. Ashton Thomas Private Wealth LLC purchased a new stake in National Storage Affiliates Trust in the second quarter worth $39,000. Rothschild Investment LLC bought a new stake in National Storage Affiliates Trust in the second quarter valued at $59,000. GAMMA Investing LLC increased its position in National Storage Affiliates Trust by 174.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 927 shares during the period. Finally, Signaturefd LLC raised its holdings in National Storage Affiliates Trust by 48.1% in the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 661 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $42.85 on Monday. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 22.43 and a beta of 0.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $49.44. The company’s 50-day moving average is $45.95 and its 200 day moving average is $41.79.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share 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 net margin of 21.23% and a return on equity of 10.43%. National Storage Affiliates Trust’s revenue was down 11.6% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. Sell-side analysts expect that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NSA shares. Wells Fargo & Company boosted their price target on shares of 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. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Barclays lifted their price target on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Evercore ISI increased their price objective 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. Finally, Citigroup boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.72.

National Storage Affiliates Trust 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.