Nomura Holdings Inc. Makes New Investment in National Storage Affiliates Trust (NYSE:NSA)

Nomura Holdings Inc. acquired a new position in shares of National Storage Affiliates Trust (NYSE:NSA) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 9,307 shares of the real estate investment trust’s stock, valued at approximately $353,000.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock valued at $369,979,000 after purchasing an additional 80,923 shares during the period. Wasatch Advisors LP lifted its stake in shares of National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock valued at $253,208,000 after purchasing an additional 506,398 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of National Storage Affiliates Trust by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust’s stock valued at $96,600,000 after purchasing an additional 10,783 shares during the period. Capital World Investors lifted its stake in shares of National Storage Affiliates Trust by 6.2% in the 4th quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust’s stock valued at $73,604,000 after purchasing an additional 113,973 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of National Storage Affiliates Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust’s stock valued at $51,144,000 after purchasing an additional 15,468 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NSA shares. Barclays dropped their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Truist Financial dropped their price objective on National Storage Affiliates Trust from $39.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday. Robert W. Baird dropped their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and an average price target of $40.83.

National Storage Affiliates Trust Price Performance

NSA stock opened at $33.92 on Friday. The stock has a 50-day moving average price of $36.37 and a two-hundred day moving average price of $38.40. The stock has a market cap of $2.59 billion, a PE ratio of 19.84 and a beta of 1.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The firm had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Friday, June 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 386.44%.

Insider Activity

In related news, Director Michael J. Schall acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. The trade was a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.70% of the stock is owned by corporate insiders.

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.