UMB Bank n.a. Boosts Stake in National Storage Affiliates Trust $NSA

UMB Bank n.a. raised its position in National Storage Affiliates Trust (NYSE:NSA) by 71.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 906 shares of the real estate investment trust’s stock after buying an additional 379 shares during the period. UMB Bank n.a.’s holdings in National Storage Affiliates Trust were worth $29,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in National Storage Affiliates Trust in the 2nd quarter valued at about $137,000. Wealth Enhancement Advisory Services LLC increased its stake in National Storage Affiliates Trust by 19.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,463 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 1,695 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in National Storage Affiliates Trust by 24.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,278 shares of the real estate investment trust’s stock valued at $521,000 after buying an additional 3,156 shares during the last quarter. Gilman Hill Asset Management LLC increased its stake in National Storage Affiliates Trust by 5.2% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 10,287 shares of the real estate investment trust’s stock valued at $329,000 after buying an additional 512 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its stake in National Storage Affiliates Trust by 97.7% in the 2nd quarter. Wesbanco Bank Inc. now owns 35,000 shares of the real estate investment trust’s stock valued at $1,120,000 after buying an additional 17,300 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NSA shares. Evercore ISI raised their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research note on Monday, September 15th. National Bankshares set a $33.00 price target on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. Robert W. Baird decreased their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Truist Financial decreased their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, August 25th. Finally, Barclays decreased their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Six equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $33.64.

National Storage Affiliates Trust Stock Up 1.8%

NSA opened at $30.35 on Friday. The company has a 50 day moving average of $31.04 and a 200 day moving average of $33.58. The company has a market cap of $2.33 billion, a PE ratio of 48.94 and a beta of 1.09. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $48.64. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.5%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 367.74%.

National Storage Affiliates Trust Profile

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.