Wolverine Asset Management LLC Purchases New Shares in National Storage Affiliates Trust $NSA

Wolverine Asset Management LLC purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,344 shares of the real estate investment trust’s stock, valued at approximately $1,163,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Retirement Systems of Alabama increased its holdings in National Storage Affiliates Trust by 0.7% during the 2nd quarter. Retirement Systems of Alabama now owns 85,987 shares of the real estate investment trust’s stock valued at $2,751,000 after purchasing an additional 637 shares in the last quarter. Keybank National Association OH increased its holdings in National Storage Affiliates Trust by 5.2% during the 2nd quarter. Keybank National Association OH now owns 20,700 shares of the real estate investment trust’s stock valued at $662,000 after purchasing an additional 1,031 shares in the last quarter. Jennison Associates LLC increased its holdings in National Storage Affiliates Trust by 38.5% during the 2nd quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock valued at $47,510,000 after purchasing an additional 413,173 shares in the last quarter. Peregrine Capital Management LLC increased its holdings in National Storage Affiliates Trust by 7.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock valued at $4,703,000 after purchasing an additional 9,593 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $4,419,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 0.1%

NYSE:NSA opened at $29.11 on Friday. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $46.07. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $2.23 billion, a P/E ratio of 46.94 and a beta of 1.08. The stock’s fifty day simple moving average is $31.15 and its 200-day simple moving average is $32.53.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The company had revenue of $188.84 million during the quarter, compared to the consensus estimate of $185.91 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Monday, September 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 367.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird dropped their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. Evercore ISI increased their price objective on National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a research report on Monday, September 15th. Zacks Research lowered National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. UBS Group decreased their price objective on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and a consensus target price of $33.64.

National Storage Affiliates Trust Company 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.