National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 131.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,440 shares of the real estate investment trust’s stock after purchasing an additional 7,637 shares during the quarter. Teacher Retirement System of Texas’ holdings in National Storage Affiliates Trust were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NSA. Hudson Edge Investment Partners Inc. acquired a new stake in National Storage Affiliates Trust in the 1st quarter valued at approximately $687,000. Clear Creek Financial Management LLC boosted its stake in National Storage Affiliates Trust by 4.6% during the 1st quarter. Clear Creek Financial Management LLC now owns 23,588 shares of the real estate investment trust’s stock valued at $929,000 after purchasing an additional 1,042 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 47,286.2% during the 1st quarter. Peregrine Capital Management LLC now owns 137,420 shares of the real estate investment trust’s stock worth $5,414,000 after acquiring an additional 137,130 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of National Storage Affiliates Trust by 4.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 78,217 shares of the real estate investment trust’s stock worth $3,082,000 after acquiring an additional 3,032 shares in the last quarter. Finally, Highland Capital Management LLC bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth $281,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NSA has been the subject of several recent analyst reports. Mizuho initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price for the company. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Wall Street Zen cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. BNP Paribas upgraded National Storage Affiliates Trust to a “strong sell” rating in a report on Tuesday, June 24th. Finally, Morgan Stanley lowered National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 target price on the stock. in a report on Tuesday, May 27th. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.63.

National Storage Affiliates Trust Stock Up 0.3%

NSA stock opened at $32.01 on Thursday. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The company has a market cap of $2.45 billion, a PE ratio of 54.25 and a beta of 1.12. The business’s 50-day simple moving average is $33.61 and its 200 day simple moving average is $35.91. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 2.54.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.12%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust’s payout ratio is currently 386.44%.

National Storage Affiliates Trust Company 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.