Penserra Capital Management LLC Has $1.64 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Penserra Capital Management LLC increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 22.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,063 shares of the real estate investment trust’s stock after acquiring an additional 6,355 shares during the period. Penserra Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $1,641,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Thrivent Financial for Lutherans raised its position in shares of National Storage Affiliates Trust by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock valued at $122,301,000 after purchasing an additional 22,454 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in National Storage Affiliates Trust by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust’s stock worth $47,672,000 after acquiring an additional 43,074 shares during the period. Leeward Investments LLC MA lifted its position in National Storage Affiliates Trust by 30.9% during the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock worth $17,095,000 after acquiring an additional 97,786 shares during the last quarter. Swedbank AB bought a new stake in National Storage Affiliates Trust during the first quarter valued at about $16,056,000. Finally, Long Pond Capital LP acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $16,198,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $45.08 on Wednesday. National Storage Affiliates Trust has a twelve month low of $32.42 and a twelve 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. The stock has a market cap of $3.44 billion, a P/E ratio of 26.36 and a beta of 0.99. The company’s 50-day simple moving average is $44.69 and its 200 day simple moving average is $42.89.

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

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.06%. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 130.99%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Barclays increased their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Citigroup increased their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Evercore ISI raised their price target on shares of 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.17.

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.