Vanguard Group Inc. Has $270.35 Million Stock Holdings in National Storage Affiliates Trust $NSA

Vanguard Group Inc. lessened its position in National Storage Affiliates Trust (NYSE:NSA) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 9,583,544 shares of the real estate investment trust’s stock after selling 35,295 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of National Storage Affiliates Trust worth $270,352,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NSA. Hudson Bay Capital Management LP acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at $33,082,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 723.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after purchasing an additional 937,939 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of National Storage Affiliates Trust by 159.2% in the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock valued at $35,169,000 after purchasing an additional 714,840 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at $12,922,000. Finally, Irenic Capital Management LP acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth about $12,173,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.7%

NSA stock opened at $43.64 on Friday. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 58.18 and a beta of 1.07. The business’s fifty day moving average price is $38.73 and its two-hundred day moving average price is $33.53. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $44.01.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.38). The firm had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts anticipate that National Storage Affiliates Trust will post 2.21 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a dividend of $0.57 per share. The ex-dividend date was Friday, March 13th. This represents a $2.28 annualized dividend and a yield of 5.2%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 304.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NSA. Mizuho boosted their price objective on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price for the company in a research note on Monday, March 16th. Barclays increased their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Twelve investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and an average price target of $33.90.

National Storage Affiliates Trust Company Profile

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.