Asset Management One Co. Ltd. Sells 2,371 Shares of National Storage Affiliates Trust (NYSE:NSA)

Asset Management One Co. Ltd. lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 99,275 shares of the real estate investment trust’s stock after selling 2,371 shares during the period. Asset Management One Co. Ltd. owned about 0.13% of National Storage Affiliates Trust worth $4,785,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in NSA. Swedbank AB bought a new position in shares of National Storage Affiliates Trust during the first quarter valued at about $16,056,000. Long Pond Capital LP bought a new position in National Storage Affiliates Trust during the 2nd quarter worth approximately $16,198,000. Ontario Teachers Pension Plan Board grew its position in National Storage Affiliates Trust by 94.0% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 244,300 shares of the real estate investment trust’s stock worth $9,567,000 after acquiring an additional 118,341 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in National Storage Affiliates Trust in the 2nd quarter worth approximately $4,534,000. Finally, Leeward Investments LLC MA lifted its position in National Storage Affiliates Trust by 30.9% in the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after purchasing an additional 97,786 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NSA shares. Citigroup raised their target price 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. Truist Financial boosted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Evercore ISI increased their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Finally, Jefferies Financial Group upped their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Stock Up 1.6 %

NSA stock opened at $43.67 on Friday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 25.54 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50 day moving average price is $45.45 and its two-hundred day moving average price is $42.20. National Storage Affiliates Trust has a fifty-two week low of $29.55 and a fifty-two week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust’s revenue for the quarter was down 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.67 earnings per share. As a group, analysts forecast that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 5.13%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 130.99%.

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.