Tudor Investment Corp ET AL reduced its holdings in National Storage Affiliates Trust (NYSE:NSA – Free Report) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,684 shares of the real estate investment trust’s stock after selling 55,357 shares during the period. Tudor Investment Corp ET AL owned about 0.45% of National Storage Affiliates Trust worth $10,356,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of NSA. Jacobs Levy Equity Management Inc. boosted its holdings in shares of National Storage Affiliates Trust by 63.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 38,991 shares of the real estate investment trust’s stock worth $1,178,000 after purchasing an additional 15,203 shares during the period. CANADA LIFE ASSURANCE Co grew its position in National Storage Affiliates Trust by 7.9% in the third quarter. CANADA LIFE ASSURANCE Co now owns 159,580 shares of the real estate investment trust’s stock worth $4,839,000 after acquiring an additional 11,633 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth $8,090,000. Private Capital Management LLC bought a new position in shares of National Storage Affiliates Trust during the 3rd quarter valued at $242,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of National Storage Affiliates Trust by 4,238.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 271,349 shares of the real estate investment trust’s stock valued at $8,200,000 after purchasing an additional 265,095 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on NSA shares. Wall Street Zen lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Mizuho upped their price target on National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, January 12th. National Bank Financial set a $32.00 price objective on National Storage Affiliates Trust in a research 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 objective for the stock from $30.00 to $32.00 in a report on Friday, December 5th. Twelve analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $33.60.
National Storage Affiliates Trust Stock Performance
NYSE NSA opened at $37.08 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.86. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $41.37. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 53.74 and a beta of 1.17. The company has a 50 day moving average of $33.80 and a 200-day moving average of $31.32.
National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $187.03 million for the quarter, compared to analyst estimates of $187.24 million. National Storage Affiliates Trust had a net margin of 9.80% and a return on equity of 5.81%. National Storage Affiliates Trust’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 earnings per share. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.
National Storage Affiliates Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.1%. National Storage Affiliates Trust’s dividend payout ratio is currently 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.
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