National Storage Affiliates Trust $NSA Position Raised by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 172.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,146,936 shares of the real estate investment trust’s stock after purchasing an additional 1,989,965 shares during the quarter. Balyasny Asset Management L.P. owned about 4.10% of National Storage Affiliates Trust worth $100,670,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. UniSuper Management Pty Ltd lifted 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 valued at $776,000 after buying an additional 300 shares during the period. GAMMA Investing LLC raised its position in National Storage Affiliates Trust by 21.4% in the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 308 shares in the last quarter. UMB Bank n.a. lifted its holdings in National Storage Affiliates Trust by 71.9% in the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 379 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of National Storage Affiliates Trust by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock valued at $2,132,000 after purchasing an additional 392 shares in the last quarter. Finally, SPC Financial Inc. boosted its position in shares of National Storage Affiliates Trust by 6.4% during the 2nd quarter. SPC Financial Inc. now owns 8,300 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 500 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $29.76 on Friday. The company’s fifty day moving average is $30.10 and its two-hundred day moving average is $31.18. The company has a market cap of $2.29 billion, a P/E ratio of 48.79 and a beta of 1.19. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $41.76. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $188.70 million for the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.National Storage Affiliates Trust’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.57 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.7%. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

Analyst Ratings Changes

Several research firms recently commented on NSA. National Bankshares set a $32.00 target price on shares of National Storage Affiliates Trust in a research note on Friday, December 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Mizuho reduced their target price on National Storage Affiliates Trust from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Morgan Stanley raised National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $30.00 to $32.00 in a research note on Friday, December 5th. Ten research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $33.27.

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.