National Storage Affiliates Trust $NSA Stock Position Raised by Bessemer Group Inc.

Bessemer Group Inc. increased its position in National Storage Affiliates Trust (NYSE:NSA) by 53.1% in the first quarter, HoldingsChannel reports. The firm owned 173,985 shares of the real estate investment trust’s stock after acquiring an additional 60,355 shares during the period. Bessemer Group Inc.’s holdings in National Storage Affiliates Trust were worth $6,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the first quarter valued at $32,000. UMB Bank n.a. raised its position in National Storage Affiliates Trust by 650.0% during the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 975 shares during the period. Parallel Advisors LLC boosted its position in National Storage Affiliates Trust by 42.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 424 shares during the period. Jones Financial Companies Lllp boosted its position in National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares during the period. Finally, Global Retirement Partners LLC grew its stake in National Storage Affiliates Trust by 247.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,302 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NSA shares. UBS Group upped their target price on National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Evercore set a $46.00 price objective on shares of National Storage Affiliates Trust and gave the company a “cautious” rating in a research report on Monday, July 6th. Truist Financial upped their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Finally, Barclays increased their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Twelve investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $38.60.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $44.55 on Monday. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $46.47. The stock’s 50-day moving average is $43.99 and its two-hundred day moving average is $38.73. The firm has a market cap of $3.44 billion, a P/E ratio of 59.40 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.38). The firm had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Analysts predict that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 21st will be paid a $0.0336 dividend. The ex-dividend date is Tuesday, July 21st. National Storage Affiliates Trust’s payout ratio is 304.00%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.