National Storage Affiliates Trust $NSA Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 50.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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’s holdings in National Storage Affiliates Trust were worth $2,066,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth $32,000. Farther Finance Advisors LLC lifted its holdings in National Storage Affiliates Trust by 339.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of National Storage Affiliates Trust by 21.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 308 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of National Storage Affiliates Trust by 43.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 541 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $31.53 on Thursday. The company’s fifty day moving average is $29.94 and its two-hundred day moving average is $30.53. The company has a market cap of $2.43 billion, a P/E ratio of 51.70 and a beta of 1.18. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $40.62. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates 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%.National Storage Affiliates Trust’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.57 dividend. The ex-dividend date was Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.2%. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NSA. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Thursday, January 22nd. Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday. Barclays set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday, January 13th. Finally, UBS Group decreased their price target on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Ten investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $32.50.

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.