National Storage Affiliates Trust $NSA Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 8.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,843 shares of the real estate investment trust’s stock after selling 15,846 shares during the period. Voya Investment Management LLC owned about 0.22% of National Storage Affiliates Trust worth $6,574,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in NSA. First Hawaiian Bank increased its position in shares of National Storage Affiliates Trust by 26.7% in the 1st quarter. First Hawaiian Bank now owns 12,207 shares of the real estate investment trust’s stock valued at $481,000 after purchasing an additional 2,570 shares during the last quarter. Empowered Funds LLC grew its stake in shares of National Storage Affiliates Trust by 2.0% during the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after purchasing an additional 1,209 shares in the last quarter. Vancity Investment Management Ltd purchased a new position in National Storage Affiliates Trust in the first quarter valued at $964,000. Arete Wealth Advisors LLC acquired a new stake in National Storage Affiliates Trust in the first quarter valued at $285,000. Finally, Goldman Sachs Group Inc. lifted its holdings in National Storage Affiliates Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after buying an additional 27,546 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group cut their target price on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday. Wall Street Zen lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Barclays reduced their price objective on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Robert W. Baird dropped their target price on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Finally, BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They set an “underperform” rating and a $33.00 price target on the stock. Six investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and a consensus price target of $33.64.

National Storage Affiliates Trust Stock Down 0.3%

NSA stock opened at $30.72 on Thursday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 49.54 and a beta of 1.09. The company has a fifty day moving average price of $31.32 and a 200 day moving average price of $34.00. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data 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). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business had revenue of $188.84 million during the quarter, compared to analyst estimates of $185.91 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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 7.4%. National Storage Affiliates Trust’s dividend payout ratio is currently 367.74%.

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.