Swedbank AB Has $3.77 Million Stake in National Storage Affiliates Trust $NSA

Swedbank AB decreased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 47.4% in the 1st quarter, HoldingsChannel reports. The firm owned 100,000 shares of the real estate investment trust’s stock after selling 90,000 shares during the quarter. Swedbank AB’s holdings in National Storage Affiliates Trust were worth $3,774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Irenic Capital Management LP acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $12,173,000. 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. Lighthouse Investment Partners LLC bought a new stake in shares of National Storage Affiliates Trust during the third quarter worth $9,293,000. Charles Schwab Investment Management Inc. raised its position in shares of National Storage Affiliates Trust by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,095,158 shares of the real estate investment trust’s stock worth $30,894,000 after acquiring an additional 48,418 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of National Storage Affiliates Trust by 32.8% during the fourth quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock valued at $24,829,000 after acquiring an additional 217,234 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.4%

Shares of NYSE:NSA traded up $0.17 during midday trading on Friday, reaching $44.80. 345,295 shares of the company were exchanged, compared to its average volume of 658,419. The firm has a market cap of $3.46 billion, a PE ratio of 59.73 and a beta of 1.03. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $46.47. The stock has a fifty day simple moving average of $43.81 and a two-hundred day simple moving average of $38.06. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.38). The firm had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.22 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, June 30th. Stockholders of record on Monday, June 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 304.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. UBS Group increased their price objective on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Friday. Evercore set a $46.00 price objective on shares of National Storage Affiliates Trust and gave the company a “cautious” rating in a research note on Monday, July 6th. Citigroup lifted their target price on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Barclays increased their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Twelve research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $38.60.

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.