Swiss National Bank Has $6.70 Million Position in National Storage Affiliates Trust (NYSE:NSA)

Swiss National Bank decreased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,079 shares of the real estate investment trust’s stock after selling 6,900 shares during the quarter. Swiss National Bank owned approximately 0.18% of National Storage Affiliates Trust worth $6,704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSA. Swedbank AB bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth about $16,056,000. Long Pond Capital LP bought a new stake in shares of National Storage Affiliates Trust during the second quarter worth approximately $16,198,000. Victory Capital Management Inc. grew its position in shares of National Storage Affiliates Trust by 1,581.9% in the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock valued at $11,650,000 after purchasing an additional 227,334 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of National Storage Affiliates Trust during the second quarter worth approximately $4,534,000. Finally, Los Angeles Capital Management LLC lifted its holdings in National Storage Affiliates Trust by 202.9% during the 3rd quarter. Los Angeles Capital Management LLC now owns 147,819 shares of the real estate investment trust’s stock worth $7,125,000 after purchasing an additional 99,024 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

NSA stock opened at $45.08 on Wednesday. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 26.40 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50 day simple moving average of $44.69 and a 200 day simple moving average of $42.89. National Storage Affiliates Trust has a 1 year low of $32.42 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same quarter last year, the company posted $0.67 earnings per share. The firm’s quarterly revenue was down 20.2% on a year-over-year basis. Research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.06%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 130.99%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial increased their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Jefferies Financial Group lifted their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Wells Fargo & Company increased their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Robert W. Baird lifted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Citigroup raised their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.17.

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.