National Storage Affiliates Trust $NSA Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in National Storage Affiliates Trust (NYSE:NSA) by 4.6% during the first quarter, Holdings Channel.com reports. The firm owned 750,154 shares of the real estate investment trust’s stock after purchasing an additional 32,869 shares during the period. Bank of New York Mellon Corp’s holdings in National Storage Affiliates Trust were worth $28,311,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NSA. UBS Group AG boosted its position in shares of National Storage Affiliates Trust by 32.8% during the 4th quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock worth $24,829,000 after purchasing an additional 217,234 shares during the period. Charles Schwab Investment Management Inc. raised its position in National Storage Affiliates Trust by 4.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,095,158 shares of the real estate investment trust’s stock valued at $30,894,000 after purchasing an additional 48,418 shares during the period. Exchange Traded Concepts LLC raised its position in National Storage Affiliates Trust by 664.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 185,423 shares of the real estate investment trust’s stock valued at $5,231,000 after purchasing an additional 161,179 shares during the period. Hsbc Holdings PLC lifted its stake in National Storage Affiliates Trust by 26.5% during the fourth quarter. Hsbc Holdings PLC now owns 202,877 shares of the real estate investment trust’s stock worth $5,724,000 after purchasing an additional 42,533 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in National Storage Affiliates Trust during the fourth quarter worth $958,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $43.41 on Tuesday. The company has a fifty day simple moving average of $44.12 and a two-hundred day simple moving average of $39.37. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $46.47.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data 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 company had revenue of $185.40 million during 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 revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 21st were paid a $0.0336 dividend. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 304.00%.

Analyst Ratings Changes

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

National Storage Affiliates Trust Company Profile

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.