Hsbc Holdings PLC Purchases 42,533 Shares of National Storage Affiliates Trust $NSA

Hsbc Holdings PLC grew its position in National Storage Affiliates Trust (NYSE:NSA) by 26.5% during the 4th quarter, HoldingsChannel reports. The fund owned 202,877 shares of the real estate investment trust’s stock after purchasing an additional 42,533 shares during the period. Hsbc Holdings PLC’s holdings in National Storage Affiliates Trust were worth $5,724,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust during the 1st quarter valued at about $32,000. UMB Bank n.a. lifted its stake in National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 975 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares during the period. Parallel Advisors LLC boosted its position in shares of National Storage Affiliates Trust by 42.5% during the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 424 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of National Storage Affiliates Trust by 43.5% during the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 541 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NSA stock opened at $44.58 on Friday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 59.44 and a beta of 1.03. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $46.47. The stock has a fifty day simple moving average of $43.74 and a two-hundred day simple moving average of $38.01.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $181.69 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that National Storage Affiliates Trust will post 2.22 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, June 30th. Stockholders of record on Monday, June 15th were issued a $0.57 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.28 annualized dividend and a dividend yield of 5.1%. National Storage Affiliates Trust’s payout ratio is currently 304.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NSA. UBS Group increased their price target on National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Evercore set a $46.00 price objective on National Storage Affiliates Trust and gave the company a “cautious” rating in a research report on Monday. BNP Paribas Exane upgraded 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 note on Monday, March 16th. Citigroup lifted their target price on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $38.33.

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.