Goldman Sachs Group Inc. Purchases 27,546 Shares of National Storage Affiliates Trust $NSA

Goldman Sachs Group Inc. grew its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 42.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,309 shares of the real estate investment trust’s stock after purchasing an additional 27,546 shares during the period. Goldman Sachs Group Inc. owned about 0.12% of National Storage Affiliates Trust worth $3,637,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NSA. UniSuper Management Pty Ltd increased its holdings in shares of National Storage Affiliates Trust by 1.5% in the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust’s stock worth $776,000 after buying an additional 300 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of National Storage Affiliates Trust by 7.5% in the first quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 413 shares during the period. Cerity Partners LLC increased its holdings in shares of National Storage Affiliates Trust by 0.9% in the first quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust’s stock worth $2,167,000 after buying an additional 483 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of National Storage Affiliates Trust by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 42,213 shares of the real estate investment trust’s stock worth $1,661,000 after buying an additional 499 shares during the period. Finally, Moseley Investment Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 2.4% in the first quarter. Moseley Investment Management Inc. now owns 24,944 shares of the real estate investment trust’s stock worth $983,000 after buying an additional 577 shares during the period. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 0.3%

Shares of NYSE:NSA opened at $30.60 on Friday. National Storage Affiliates Trust has a 1 year low of $28.02 and a 1 year high of $49.44. The company has a market cap of $2.35 billion, a PE ratio of 49.35 and a beta of 1.09. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30. The stock’s 50-day moving average is $31.29 and its 200 day moving average is $33.94.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (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 for the quarter, compared to analysts’ expectations of $185.91 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend yield of 7.5%. National Storage Affiliates Trust’s dividend payout ratio is 367.74%.

Analysts Set New Price Targets

Several research analysts have recently commented on NSA shares. BNP Paribas upgraded National Storage Affiliates Trust to a “strong sell” rating in a report on Tuesday, June 24th. UBS Group decreased their price objective on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a report on Tuesday, June 24th. Robert W. Baird decreased their price objective on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Finally, Barclays reduced their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and a consensus price target of $33.64.

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.