Citigroup Inc. Purchases 40,871 Shares of National Storage Affiliates Trust $NSA

Citigroup Inc. grew its position in National Storage Affiliates Trust (NYSE:NSA) by 19.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 253,962 shares of the real estate investment trust’s stock after buying an additional 40,871 shares during the period. Citigroup Inc. owned 0.33% of National Storage Affiliates Trust worth $7,675,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Clear Creek Financial Management LLC boosted its holdings in National Storage Affiliates Trust by 2.6% in the third quarter. Clear Creek Financial Management LLC now owns 25,212 shares of the real estate investment trust’s stock valued at $762,000 after acquiring an additional 645 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in National Storage Affiliates Trust by 35.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 200,695 shares of the real estate investment trust’s stock valued at $6,065,000 after purchasing an additional 52,600 shares during the period. Syon Capital LLC bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $201,000. Heartland Advisors Inc. grew its position in shares of National Storage Affiliates Trust by 47.2% during the 3rd quarter. Heartland Advisors Inc. now owns 646,200 shares of the real estate investment trust’s stock worth $19,528,000 after buying an additional 207,300 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $607,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NSA. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Truist Financial increased their price target on National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Wells Fargo & Company cut their target price on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating on the stock in a research note on Thursday, February 5th. Finally, National Bank Financial set a $32.00 target price on National Storage Affiliates Trust in a research report on Friday, December 5th. Ten equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $32.30.

National Storage Affiliates Trust Trading Up 1.7%

NYSE NSA opened at $35.05 on Monday. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $40.62. The company has a debt-to-equity ratio of 2.86, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $2.70 billion, a P/E ratio of 50.80 and a beta of 1.17. The stock’s 50-day moving average is $31.82 and its 200-day moving average is $30.93.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $187.03 million during the quarter, compared to analysts’ expectations of $187.24 million. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 EPS. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. Sell-side 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.5%. National Storage Affiliates Trust’s dividend payout ratio is presently 330.43%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.