UBS Group AG Boosts Stock Position in National Storage Affiliates Trust $NSA

UBS Group AG grew its holdings in National Storage Affiliates Trust (NYSE:NSA) by 32.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 880,134 shares of the real estate investment trust’s stock after buying an additional 217,234 shares during the quarter. UBS Group AG’s holdings in National Storage Affiliates Trust were worth $24,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSA. Royal Bank of Canada raised its position in National Storage Affiliates Trust by 0.8% in the 1st quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock valued at $4,345,000 after purchasing an additional 898 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth about $32,000. Jones Financial Companies Lllp raised its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. raised its position in shares of National Storage Affiliates Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after acquiring an additional 27,546 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of National Storage Affiliates Trust by 2.0% during the 1st quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after acquiring an additional 1,209 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Down 0.1%

National Storage Affiliates Trust stock opened at $43.64 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 1-year low of $27.43 and a 1-year high of $44.01. The company has a market cap of $3.37 billion, a PE ratio of 58.18 and a beta of 1.07. The stock’s 50 day moving average price is $38.73 and its 200 day moving average price is $33.53.

National Storage Affiliates Trust (NYSE:NSA) last posted 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). National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The business had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. During the same quarter last year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.21 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were paid a $0.57 dividend. The ex-dividend date was Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.2%. National Storage Affiliates Trust’s payout ratio is 304.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NSA shares. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Mizuho raised their target price on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price on the stock in a research report on Monday, March 16th. Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $33.90.

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.