Peregrine Capital Management LLC Raises Position in National Storage Affiliates Trust $NSA

Peregrine Capital Management LLC raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 7.6% during the fourth quarter, HoldingsChannel reports. The firm owned 173,758 shares of the real estate investment trust’s stock after buying an additional 12,234 shares during the quarter. Peregrine Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $4,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in National Storage Affiliates Trust by 339.6% during the third quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 635 shares during the period. Advisors Asset Management Inc. purchased a new stake in National Storage Affiliates Trust during the first quarter valued at approximately $32,000. Jones Financial Companies Lllp raised its position in National Storage Affiliates Trust by 81.8% during the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 586 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of National Storage Affiliates Trust during the third quarter valued at approximately $41,000. Finally, Parallel Advisors LLC grew its stake in shares of National Storage Affiliates Trust by 42.5% during the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 424 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

A number of research firms have recently commented on NSA. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. UBS Group cut their target price on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price on the stock in a research note on Monday, March 16th. Barclays upped their target price 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. Finally, Wall Street Zen cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Twelve investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $33.90.

National Storage Affiliates Trust Trading Down 0.6%

NSA opened at $43.35 on Friday. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $44.01. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 62.82 and a beta of 1.08. The stock’s 50 day moving average price is $37.62 and its 200-day moving average price is $32.95. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.25 and a current ratio of 0.25.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The company had revenue of $187.03 million for the quarter, compared to analysts’ expectations of $187.24 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. National Storage Affiliates Trust’s revenue was down 1.6% compared to the same quarter last year. 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 2.2 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.28 annualized dividend and a yield of 5.3%. National Storage Affiliates Trust’s dividend payout ratio is 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.