State of Wyoming Sells 973 Shares of National Storage Affiliates Trust $NSA

State of Wyoming reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 39.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,472 shares of the real estate investment trust’s stock after selling 973 shares during the quarter. State of Wyoming’s holdings in National Storage Affiliates Trust were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NSA. Nuveen LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter valued at $23,134,000. Woodline Partners LP acquired a new stake in National Storage Affiliates Trust during the fourth quarter worth about $11,464,000. MetLife Investment Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 630.5% in the first quarter. MetLife Investment Management LLC now owns 303,860 shares of the real estate investment trust’s stock worth $11,972,000 after acquiring an additional 262,265 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of National Storage Affiliates Trust by 17,179.8% in the first quarter. Sound Income Strategies LLC now owns 142,558 shares of the real estate investment trust’s stock worth $5,617,000 after acquiring an additional 141,733 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its holdings in National Storage Affiliates Trust by 47,286.2% in the 1st quarter. Peregrine Capital Management LLC now owns 137,420 shares of the real estate investment trust’s stock valued at $5,414,000 after buying an additional 137,130 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $31.90 on Wednesday. The firm has a market cap of $2.45 billion, a PE ratio of 51.45 and a beta of 1.09. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The business has a 50 day moving average price of $31.41 and a 200-day moving average price of $34.26.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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%. National Storage Affiliates Trust’s revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.1%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 367.74%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NSA. BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 price objective for the company. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. Morgan Stanley downgraded shares of National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price target for the company. in a research report on Tuesday, May 27th. Truist Financial dropped their price objective on National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, August 25th. Finally, Barclays lowered their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $36.45.

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.