XTX Topco Ltd Purchases Shares of 12,013 National Storage Affiliates Trust (NYSE:NSA)

XTX Topco Ltd acquired a new position in National Storage Affiliates Trust (NYSE:NSA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,013 shares of the real estate investment trust’s stock, valued at approximately $495,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in National Storage Affiliates Trust in the 4th quarter worth approximately $36,567,000. D.A. Davidson & CO. bought a new stake in National Storage Affiliates Trust in the 4th quarter valued at $248,000. Hsbc Holdings PLC grew its position in National Storage Affiliates Trust by 13.6% in the 4th quarter. Hsbc Holdings PLC now owns 45,186 shares of the real estate investment trust’s stock worth $1,874,000 after purchasing an additional 5,395 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of National Storage Affiliates Trust by 2.1% during the 4th quarter. Treasurer of the State of North Carolina now owns 35,780 shares of the real estate investment trust’s stock worth $1,484,000 after purchasing an additional 730 shares during the period. Finally, Evoke Wealth LLC bought a new position in shares of National Storage Affiliates Trust during the 4th quarter worth about $3,682,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.9 %

Shares of NSA stock opened at $48.71 on Wednesday. The company has a market capitalization of $3.65 billion, a P/E ratio of 25.50 and a beta of 0.98. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. The firm has a 50-day moving average price of $45.08 and a 200 day moving average price of $40.63.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. Research analysts forecast that National Storage Affiliates Trust will post 2.39 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Friday, September 13th. National Storage Affiliates Trust’s payout ratio is presently 117.28%.

Wall Street Analyst Weigh In

NSA has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Citigroup boosted their price objective on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. Evercore ISI raised their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price target on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a research note on Friday, July 26th. Finally, KeyCorp cut shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average target price of $42.50.

National Storage Affiliates Trust Company 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.