Vanguard Personalized Indexing Management LLC Cuts Share Holdings in National Storage Affiliates Trust (NYSE:NSA)

Vanguard Personalized Indexing Management LLC lowered its holdings in National Storage Affiliates Trust (NYSE:NSA – Free Report) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,852 shares of the real estate investment trust’s stock after selling 264 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in National Storage Affiliates Trust were worth $406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $2,468,000. Balyasny Asset Management LP raised its position in shares of National Storage Affiliates Trust by 69.9% in the 4th quarter. Balyasny Asset Management LP now owns 2,309,828 shares of the real estate investment trust’s stock, valued at $95,789,000, after which bought an additional 950,171 shares in the last quarter. D. Scott Neal Inc. boosted its position in shares of National Storage Affiliates Trust by 20.3% during the second quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock valued at $11,425,000 after buying an additional 46,848 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of National Storage Affiliates Trust by 86.2% in the first quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock valued at $3,350,000 after buying an additional 39,609 shares in the last quarter. Finally, Cetera Investment Advisers grew its position 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. Hedge funds and other institutional investors own 99.97% of the company’s shares.

National Storage Affiliates Confidence Trading Up 1.4%

Shares of NSA stock opened at $47.47 on Friday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72, and a quick ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $49.44. The company has a 50 day simple moving average of $45.16 and a two hundred day simple moving average of $40.73. The firm has a market cap of $3.56 billion, a P/E ratio of 24.85 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA – Get Free Report ) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The company had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. In the same period last year, the company earned $0.68 per share. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, equities analysts expect that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, September 13. This represents an annualized dividend of $2.24 and a dividend yield of 4.72%. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

Analyst upgrades and downgrades

Several equities research analysts recently commented on NSA shares. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Wells Fargo & Company boosted their price objective on 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. 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 note on Monday, September 16th. Jefferies Financial Group boosted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Robert W. Baird upped their price objective 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 6. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.50, according to MarketBeat.

View the latest stock report on National Storage Affiliates Trust

About National Storage Affiliates Trust

(Free Report)

National Storage Affiliates Trust is a Greenwood Village, Colorado-based real estate investment trust focused on owning, operating and acquiring self-storage properties located predominantly in the top 100 metropolitan statistical areas of the United States. As of December 31, 2023, the Company owned interests in and operated 1,050 warehouse properties located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 warehouse properties classified as held for sale to be sold to a third party.

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