Natixis Advisors L.P. Has $10.56 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Natixis Advisors L.P. raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 254,704 shares of the real estate investment trust’s stock after purchasing an additional 9,656 shares during the quarter. Natixis Advisors L.P.’s holdings in National Storage Affiliates Trust were worth $10,562,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in National Storage Affiliates Trust by 83.6% during the 3rd quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 377 shares during the period. Fifth Third Bancorp increased its position in National Storage Affiliates Trust by 436.8% during the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 961 shares during the period. Colonial River Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $220,000. Blue Trust Inc. grew its position in shares of National Storage Affiliates Trust by 2,584.0% during the 4th quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 5,168 shares during the period. Finally, Signaturefd LLC grew its position in shares of National Storage Affiliates Trust by 282.3% during the 3rd quarter. Signaturefd LLC now owns 5,841 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 4,313 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $36.15 on Thursday. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $42.54. The business’s fifty day moving average is $36.87 and its 200 day moving average is $36.29. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. The stock has a market cap of $2.71 billion, a P/E ratio of 18.93 and a beta of 0.87.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The business had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. During the same period last year, the business earned $0.66 EPS. The business’s revenue was down 5.7% on a year-over-year basis. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.5 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays assumed coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.44.

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.