Alyeska Investment Group L.P. Purchases Shares of 131,096 National Storage Affiliates Trust $NSA

Alyeska Investment Group L.P. acquired a new stake in National Storage Affiliates Trust (NYSE:NSA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 131,096 shares of the real estate investment trust’s stock, valued at approximately $5,165,000. Alyeska Investment Group L.P. owned approximately 0.17% of National Storage Affiliates Trust as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NSA. Nuveen LLC bought a new stake in National Storage Affiliates Trust during the 1st quarter valued at approximately $23,134,000. Woodline Partners LP purchased a new stake in National Storage Affiliates Trust during the 4th quarter valued at approximately $11,464,000. MetLife Investment Management LLC raised its position in shares of National Storage Affiliates Trust by 630.5% during the first quarter. MetLife Investment Management LLC now owns 303,860 shares of the real estate investment trust’s stock valued at $11,972,000 after buying an additional 262,265 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of National Storage Affiliates Trust by 30.7% in the fourth quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust’s stock worth $40,900,000 after buying an additional 253,176 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of National Storage Affiliates Trust by 17,179.8% during the first quarter. Sound Income Strategies LLC now owns 142,558 shares of the real estate investment trust’s stock worth $5,617,000 after acquiring an additional 141,733 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

NSA has been the topic of a number of research reports. Morgan Stanley downgraded shares of National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price target on the stock. in a report on Tuesday, May 27th. Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 30th. National Bankshares set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday, June 24th. Robert W. Baird dropped their price target on 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. Finally, Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $36.45.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $33.29 on Friday. The firm has a market capitalization of $2.56 billion, a PE ratio of 53.69 and a beta of 1.09. The stock’s fifty day moving average is $31.42 and its 200 day moving average is $34.36. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $49.44. 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 posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same quarter last year, the firm earned $0.21 EPS. 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 anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid 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 6.8%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 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.