Swiss National Bank Has $5.53 Million Holdings in National Storage Affiliates Trust $NSA

Swiss National Bank trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,379 shares of the real estate investment trust’s stock after selling 1,600 shares during the period. Swiss National Bank owned approximately 0.18% of National Storage Affiliates Trust worth $5,531,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 7.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 413 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of National Storage Affiliates Trust by 7.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 172,252 shares of the real estate investment trust’s stock worth $6,787,000 after purchasing an additional 11,879 shares in the last quarter. Hudson Edge Investment Partners Inc. bought a new position in shares of National Storage Affiliates Trust in the 1st quarter worth $687,000. M&T Bank Corp lifted its holdings in shares of National Storage Affiliates Trust by 50.1% in the 1st quarter. M&T Bank Corp now owns 20,112 shares of the real estate investment trust’s stock worth $792,000 after purchasing an additional 6,710 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in shares of National Storage Affiliates Trust in the 1st quarter worth $805,000. 99.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 23rd. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research note on Tuesday, June 24th. BNP Paribas Exane began coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They set an “underperform” rating and a $33.00 target price for the company. Wall Street Zen raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, BNP Paribas raised National Storage Affiliates Trust to a “strong sell” rating in a research report on Tuesday, June 24th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.54.

National Storage Affiliates Trust Stock Down 0.6%

National Storage Affiliates Trust stock opened at $30.14 on Tuesday. The stock has a fifty day moving average of $31.68 and a 200 day moving average of $34.86. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $49.44. The stock has a market cap of $2.31 billion, a PE ratio of 48.60 and a beta of 1.10.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.6%. National Storage Affiliates Trust’s payout ratio is presently 367.74%.

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.