National Storage Affiliates Trust (NYSE:NSA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 67.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,560 shares of the real estate investment trust’s stock after selling 18,000 shares during the quarter. BNP Paribas Financial Markets’ holdings in National Storage Affiliates Trust were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in National Storage Affiliates Trust during the third quarter valued at about $29,000. Bellevue Asset Management LLC purchased a new stake in National Storage Affiliates Trust during the third quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of National Storage Affiliates Trust in the second quarter worth about $33,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of National Storage Affiliates Trust in the second quarter worth about $39,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NSA has been the topic of several recent analyst reports. Evercore ISI boosted their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Robert W. Baird increased their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Citigroup increased their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company increased their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.17.

National Storage Affiliates Trust Price Performance

NSA opened at $41.47 on Friday. The stock has a fifty day moving average of $43.58 and a 200-day moving average of $43.51. The firm has a market capitalization of $3.16 billion, a P/E ratio of 24.25 and a beta of 1.01. National Storage Affiliates Trust has a 12-month low of $34.50 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 2.35.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The business had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. Equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.50%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

About National Storage Affiliates Trust

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.