UniSuper Management Pty Ltd Decreases Stake in National Storage Affiliates Trust (NYSE:NSA)

UniSuper Management Pty Ltd reduced its position in National Storage Affiliates Trust (NYSE:NSA) by 6.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,500 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. UniSuper Management Pty Ltd’s holdings in National Storage Affiliates Trust were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NSA. Wasatch Advisors LP lifted its position in shares of National Storage Affiliates Trust by 20.3% in the first quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock worth $257,025,000 after buying an additional 1,108,176 shares in the last quarter. Balyasny Asset Management L.P. raised its position in National Storage Affiliates Trust by 69.9% during the fourth 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 purchasing an additional 950,171 shares during the period. Norges Bank purchased a new stake in National Storage Affiliates Trust during the fourth quarter valued at approximately $36,567,000. D. Scott Neal Inc. purchased a new stake in National Storage Affiliates Trust during the first quarter valued at approximately $9,020,000. Finally, Wellington Management Group LLP raised its position in National Storage Affiliates Trust by 20.7% during the fourth quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock valued at $43,970,000 after purchasing an additional 181,644 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Up 0.9 %

Shares of NSA traded up $0.39 during mid-day trading on Thursday, reaching $43.29. 36,479 shares of the company’s stock traded hands, compared to its average volume of 781,198. The stock has a market cap of $3.25 billion, a P/E ratio of 22.47 and a beta of 0.95. The stock’s 50-day moving average is $40.22 and its two-hundred day moving average is $38.18. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $46.84. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Research analysts forecast that National Storage Affiliates Trust will post 2.49 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.56 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.24 annualized dividend and a yield of 5.17%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 117.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NSA. Barclays began coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective on the stock. Evercore ISI upped their price objective on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underperform” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.00.

Insider Buying and Selling

In other news, Director Chad Leroy Meisinger acquired 18,405 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were bought at an average price of $37.74 per share, with a total value of $694,604.70. Following the completion of the purchase, the director now directly owns 114,155 shares in the company, valued at $4,308,209.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.00% of the stock is owned by insiders.

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.