National Storage Affiliates Trust $NSA Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,877 shares of the real estate investment trust’s stock after acquiring an additional 42,533 shares during the period. Hsbc Holdings PLC owned approximately 0.26% of National Storage Affiliates Trust worth $5,724,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Irenic Capital Management LP purchased a new position in National Storage Affiliates Trust in the third quarter valued at about $12,173,000. Citigroup Inc. grew its stake in shares of National Storage Affiliates Trust by 19.2% in the third quarter. Citigroup Inc. now owns 253,962 shares of the real estate investment trust’s stock valued at $7,675,000 after buying an additional 40,871 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at about $33,082,000. Lighthouse Investment Partners LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $9,293,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in National Storage Affiliates Trust by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,095,158 shares of the real estate investment trust’s stock worth $30,894,000 after acquiring an additional 48,418 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

NSA has been the topic of a number of analyst reports. Wall Street Zen lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. BNP Paribas Exane raised shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Monday, March 16th. Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Citigroup boosted their price objective on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, 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 report on Tuesday. Thirteen analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $37.06.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $45.41 on Friday. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 60.54 and a beta of 1.05. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. The business’s 50 day moving average is $43.32 and its two-hundred day moving average is $36.93. 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 released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The company had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. Analysts forecast that National Storage Affiliates Trust will post 2.22 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 304.00%.

National Storage Affiliates Trust 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.