Hsbc Holdings PLC Has $5.53 Million Position in National Storage Affiliates Trust $NSA

Hsbc Holdings PLC lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 27.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,551 shares of the real estate investment trust’s stock after selling 56,326 shares during the period. Hsbc Holdings PLC’s holdings in National Storage Affiliates Trust were worth $5,529,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $32,000. UMB Bank n.a. boosted its holdings in National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 975 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 821 shares during the last quarter. Parallel Advisors LLC increased its position in National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 424 shares during the period. Finally, Osaic Holdings Inc. increased its position in National Storage Affiliates Trust by 43.5% in the second 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 during the period. Institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group boosted their price objective on National Storage Affiliates Trust from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Barclays raised their target price on shares of 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. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Citigroup increased their price objective on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Finally, 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. Twelve investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $38.60.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $43.41 on Friday. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $3.35 billion, a PE ratio of 57.88 and a beta of 1.03. The stock has a 50-day moving average of $44.03 and a 200-day moving average of $39.16. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $46.47.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The firm had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.69 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect 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 announced a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 21st were issued a $0.0336 dividend. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 304.00%.

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.