IFM Investors Pty Ltd Decreases Stock Position in National Storage Affiliates Trust $NSA

IFM Investors Pty Ltd reduced its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 19.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,408 shares of the real estate investment trust’s stock after selling 2,734 shares during the quarter. IFM Investors Pty Ltd’s holdings in National Storage Affiliates Trust were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at about $32,000. Jones Financial Companies Lllp lifted its holdings in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter worth $50,000. Brooklyn Investment Group grew its holdings in shares of National Storage Affiliates Trust by 6,617.4% in the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 1,522 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of National Storage Affiliates Trust by 53.9% in the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 598 shares during the period. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on NSA shares. National Bankshares set a $33.00 price target on National Storage Affiliates Trust in a research report on Tuesday, June 24th. BNP Paribas Exane began coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 target price on the stock. UBS Group dropped their price objective on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Robert W. Baird reduced their price objective on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Finally, Truist Financial lowered their price objective on National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, August 25th. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $33.64.

National Storage Affiliates Trust Price Performance

NSA opened at $29.84 on Wednesday. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $49.11. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 48.13 and a beta of 1.09. The business’s fifty day simple moving average is $31.14 and its 200-day simple moving average is $33.72.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data 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). 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 for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend 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.