Aberdeen Group plc Increases Position in National Storage Affiliates Trust $NSA

Aberdeen Group plc lifted its stake in National Storage Affiliates Trust (NYSE:NSA) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,884 shares of the real estate investment trust’s stock after purchasing an additional 2,407 shares during the period. Aberdeen Group plc’s holdings in National Storage Affiliates Trust were worth $668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSA. Exchange Traded Concepts LLC purchased a new position in National Storage Affiliates Trust in the first quarter valued at about $805,000. Janney Montgomery Scott LLC grew its holdings in shares of National Storage Affiliates Trust by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,746 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 2,289 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of National Storage Affiliates Trust by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 42,213 shares of the real estate investment trust’s stock worth $1,661,000 after acquiring an additional 499 shares during the period. Blue Trust Inc. increased its stake in National Storage Affiliates Trust by 279.8% in the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in National Storage Affiliates Trust by 1.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 90,768 shares of the real estate investment trust’s stock valued at $3,576,000 after purchasing an additional 916 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $32.29 on Friday. National Storage Affiliates Trust has a 1 year low of $28.02 and a 1 year high of $46.07. The company’s 50 day simple moving average is $31.06 and its 200 day simple moving average is $32.83. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 52.08 and a beta of 1.08. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

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

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.57 per share. The ex-dividend date was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.1%. National Storage Affiliates Trust’s dividend payout ratio is 367.74%.

Wall Street Analyst Weigh In

NSA has been the topic of a number of research analyst reports. BNP Paribas upgraded National Storage Affiliates Trust to a “strong sell” rating in a research report on Tuesday, June 24th. Zacks Research cut shares of National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Barclays dropped their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. Finally, Truist Financial lowered their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a research report on Monday, August 25th. Seven research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $33.64.

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.