Y Intercept Hong Kong Ltd Trims Position in National Storage Affiliates Trust $NSA

Y Intercept Hong Kong Ltd lowered its holdings in National Storage Affiliates Trust (NYSE:NSA) by 50.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,353 shares of the real estate investment trust’s stock after selling 69,784 shares during the period. Y Intercept Hong Kong Ltd owned 0.09% of National Storage Affiliates Trust worth $2,066,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $79,936,000. Balyasny Asset Management L.P. raised its position in shares of National Storage Affiliates Trust by 172.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after buying an additional 1,989,965 shares during the period. Prudential Financial Inc. boosted its holdings in National Storage Affiliates Trust by 50.0% in the second quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after acquiring an additional 696,067 shares during the last quarter. Norges Bank purchased a new stake in National Storage Affiliates Trust during the second quarter valued at about $21,991,000. Finally, Jennison Associates LLC increased its stake in National Storage Affiliates Trust by 38.5% during the second quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock worth $47,510,000 after acquiring an additional 413,173 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NSA. UBS Group cut their price target on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Wolfe Research raised shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research report on Monday. Morgan Stanley raised shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $30.00 to $32.00 in a research note on Friday, December 5th. Truist Financial upped their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Finally, National Bankshares set a $32.00 price target on National Storage Affiliates Trust in a report on Friday, December 5th. Ten research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $32.50.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $31.53 on Thursday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $40.62. The company’s 50-day simple moving average is $29.94 and its 200-day simple moving average is $30.53. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 51.70 and a beta of 1.18.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $188.70 million for the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities 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 was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

National Storage Affiliates Trust 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.