UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $20.30 Million Position in National Storage Affiliates Trust (NYSE:NSA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 385.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 421,161 shares of the real estate investment trust's stock after acquiring an additional 334,445 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.55% of National Storage Affiliates Trust worth $20,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at $39,000. Finally, Bellevue Asset Management LLC bought a new stake in National Storage Affiliates Trust in the third quarter worth $39,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NSA. Barclays upped their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. KeyCorp cut shares of National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Wells Fargo & Company upped their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a report on Monday, October 21st. Citigroup upped their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a report on Friday, August 30th. Finally, Jefferies Financial Group upped their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.17.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded up $0.46 on Friday, reaching $43.41. 597,929 shares of the stock were exchanged, compared to its average volume of 706,915. The stock has a market cap of $3.31 billion, a PE ratio of 25.39 and a beta of 1.01. 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 twelve month low of $34.50 and a twelve month high of $49.44. The firm has a fifty day moving average price of $44.00 and a two-hundred day moving average price of $43.25.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm's revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.25%. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's dividend payout ratio is currently 133.33%.

National Storage Affiliates Trust 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.