UniSuper Management Pty Ltd Has $842,000 Holdings in National Storage Affiliates Trust (NYSE:NSA)

UniSuper Management Pty Ltd lessened its position in National Storage Affiliates Trust (NYSE:NSA) by 6.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 21,500 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. UniSuper Management Pty Ltd’s holdings in National Storage Affiliates Trust were worth $842,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in National Storage Affiliates Trust by 436.8% in the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 961 shares during the period. SG Americas Securities LLC acquired a new stake in National Storage Affiliates Trust in the first quarter valued at approximately $113,000. Metis Global Partners LLC acquired a new stake in National Storage Affiliates Trust in the fourth quarter valued at approximately $210,000. Colonial River Wealth Management LLC purchased a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $220,000. Finally, Blue Trust Inc. boosted its position in shares of National Storage Affiliates Trust by 2,584.0% during the fourth quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 5,168 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NSA. Barclays began coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price on the stock. Evercore ISI lifted their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an “underperform” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and a consensus price target of $37.00.

National Storage Affiliates Trust Stock Performance

Shares of NSA traded up $0.39 during mid-day trading on Thursday, hitting $43.29. The stock had a trading volume of 36,479 shares, compared to its average volume of 781,198. The firm has a market cap of $3.25 billion, a P/E ratio of 22.47 and a beta of 0.95. The business has a fifty day moving average price of $40.22 and a 200-day moving average price of $38.18. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $46.84.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.49 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.24 dividend on an annualized basis and a yield of 5.17%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Insider Buying and Selling

In related news, Director Chad Leroy Meisinger acquired 18,405 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average price of $37.74 per share, with a total value of $694,604.70. Following the acquisition, the director now owns 114,155 shares of the company’s stock, valued at approximately $4,308,209.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.00% of the stock is currently owned by insiders.

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.