BNP Paribas Financial Markets Increases Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

BNP Paribas Financial Markets raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 145.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,015 shares of the real estate investment trust’s stock after purchasing an additional 12,455 shares during the quarter. BNP Paribas Financial Markets’ holdings in National Storage Affiliates Trust were worth $797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NSA. Norges Bank purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter worth approximately $26,737,000. Wasatch Advisors LP raised its position in National Storage Affiliates Trust by 8.2% in the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock worth $253,208,000 after acquiring an additional 506,398 shares during the period. Raymond James Financial Inc. bought a new position in National Storage Affiliates Trust in the fourth quarter worth approximately $13,354,000. TimesSquare Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after acquiring an additional 315,474 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of National Storage Affiliates Trust by 30.7% during the 4th quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust’s stock valued at $40,900,000 after acquiring an additional 253,176 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael J. Schall acquired 4,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NSA shares. Barclays reduced their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Mizuho began coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price target for the company. Truist Financial decreased their price objective on National Storage Affiliates Trust from $39.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday. Robert W. Baird lowered their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company cut their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.83.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $34.39 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The business has a 50-day moving average price of $36.44 and a 200-day moving average price of $38.46. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 20.11 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $188.35 million during the quarter, compared to analysts’ expectations of $184.65 million. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.63%. The ex-dividend date of this dividend is Friday, June 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 386.44%.

About National Storage Affiliates Trust

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.