Hsbc Holdings PLC Acquires 5,395 Shares of National Storage Affiliates Trust (NYSE:NSA)

Hsbc Holdings PLC raised its holdings in shares of National Storage Affiliates Trust (NYSE:NSAFree Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 45,186 shares of the real estate investment trust’s stock after acquiring an additional 5,395 shares during the period. Hsbc Holdings PLC owned approximately 0.05% of National Storage Affiliates Trust worth $1,874,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in National Storage Affiliates Trust by 436.8% in the fourth 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 last quarter. PNC Financial Services Group Inc. grew its position in shares of National Storage Affiliates Trust by 39.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 1,709 shares during the period. Metis Global Partners LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $210,000. Cape Cod Five Cents Savings Bank bought a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $213,000. Finally, Colonial River Wealth Management LLC acquired a new position in National Storage Affiliates Trust during the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.44.

Check Out Our Latest Analysis on National Storage Affiliates Trust

National Storage Affiliates Trust Price Performance

NSA stock opened at $38.84 on Friday. The stock has a 50-day moving average price of $36.71 and a two-hundred day moving average price of $37.25. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54. The stock has a market cap of $2.91 billion, a PE ratio of 20.34 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust (NYSE:NSAGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $196.15 million during the quarter, compared to the consensus estimate of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. National Storage Affiliates Trust’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share. Equities analysts forecast that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

National Storage Affiliates Trust Profile

(Free Report)

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.

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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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