Lighthouse Investment Partners LLC Buys Shares of 307,500 National Storage Affiliates Trust $NSA

Lighthouse Investment Partners LLC purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSA) in the 3rd quarter, Holdings Channel reports. The firm purchased 307,500 shares of the real estate investment trust’s stock, valued at approximately $9,293,000.

A number of other institutional investors also recently made changes to their positions in NSA. Balyasny Asset Management L.P. lifted its position in shares of National Storage Affiliates Trust by 172.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock valued at $100,670,000 after acquiring an additional 1,989,965 shares in the last quarter. Long Pond Capital LP purchased a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $79,936,000. Prudential Financial Inc. raised its stake in National Storage Affiliates Trust by 50.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after purchasing an additional 696,067 shares during the last quarter. Geode Capital Management LLC raised its stake in National Storage Affiliates Trust by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,435,046 shares of the real estate investment trust’s stock valued at $45,912,000 after purchasing an additional 12,737 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in National Storage Affiliates Trust by 159.2% in the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock valued at $35,169,000 after purchasing an additional 714,840 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSA has been the topic of several analyst reports. UBS Group decreased their price target on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Barclays boosted their price objective on shares of National Storage Affiliates Trust from $33.00 to $38.00 and gave the company an “equal weight” rating in a research report on Thursday, March 5th. National Bank Financial set a $32.00 target price on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Ten analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Reduce” and a consensus price target of $32.80.

National Storage Affiliates Trust Trading Down 0.0%

NYSE NSA opened at $30.95 on Monday. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 44.85 and a beta of 1.17. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.25 and a current ratio of 0.25. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $39.73. The company’s 50 day moving average price is $32.88 and its 200 day moving average price is $31.08.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. National Storage Affiliates Trust had a net margin of 9.80% and a return on equity of 5.81%. The company had revenue of $187.03 million during the quarter, compared to the consensus estimate of $187.24 million. During the same period in the previous year, the firm earned $0.60 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, March 13th. This represents a $2.28 annualized dividend and a dividend yield of 7.4%. National Storage Affiliates Trust’s payout ratio is presently 330.43%.

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.