National Storage Affiliates Trust $NSA Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 26.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 202,877 shares of the real estate investment trust’s stock after buying an additional 42,533 shares during the quarter. Hsbc Holdings PLC’s holdings in National Storage Affiliates Trust were worth $5,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in shares of National Storage Affiliates Trust by 443.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,484 shares of the real estate investment trust’s stock valued at $98,000 after acquiring an additional 2,843 shares in the last quarter. Invesco Ltd. boosted its holdings in National Storage Affiliates Trust by 2.8% in the fourth quarter. Invesco Ltd. now owns 831,730 shares of the real estate investment trust’s stock worth $23,463,000 after purchasing an additional 22,982 shares during the period. Corient Private Wealth LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter worth $529,000. Fuller & Thaler Asset Management Inc. increased its stake in National Storage Affiliates Trust by 43.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 224,779 shares of the real estate investment trust’s stock valued at $6,341,000 after purchasing an additional 68,234 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in National Storage Affiliates Trust during the fourth quarter valued at $1,774,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 1.3%

NSA stock opened at $45.41 on Friday. The stock has a market cap of $3.51 billion, a PE ratio of 60.54 and a beta of 1.05. The firm’s 50-day simple moving average is $43.32 and its 200 day simple moving average is $36.93. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $46.47. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) 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 firm had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.22 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on NSA. Truist Financial raised their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday. Barclays increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and a consensus price target of $37.06.

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.