New York State Teachers Retirement System Has $4.76 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

New York State Teachers Retirement System decreased its position in National Storage Affiliates Trust (NYSE:NSA) by 1.4% during the third quarter, HoldingsChannel reports. The firm owned 98,756 shares of the real estate investment trust’s stock after selling 1,453 shares during the quarter. New York State Teachers Retirement System’s holdings in National Storage Affiliates Trust were worth $4,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. abrdn plc grew its stake in National Storage Affiliates Trust by 4.8% in the 3rd quarter. abrdn plc now owns 13,651 shares of the real estate investment trust’s stock valued at $658,000 after buying an additional 620 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 257 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of National Storage Affiliates Trust by 9.0% in the third quarter. Arkadios Wealth Advisors now owns 8,465 shares of the real estate investment trust’s stock worth $408,000 after purchasing an additional 700 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of National Storage Affiliates Trust by 29.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 626 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in National Storage Affiliates Trust by 515.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,177 shares of the real estate investment trust’s stock valued at $2,515,000 after purchasing an additional 43,698 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Barclays lifted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Robert W. Baird lifted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Wells Fargo & Company raised their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Finally, Citigroup upped their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.83.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $43.54 on Wednesday. The firm has a market capitalization of $3.32 billion, a P/E ratio of 25.46 and a beta of 0.99. The stock has a fifty day moving average price of $45.65 and a two-hundred day moving average price of $42.13. National Storage Affiliates Trust has a 52-week low of $29.55 and a 52-week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) 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 company’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. As a group, analysts anticipate that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

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 5.14%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 130.99%.

About National Storage Affiliates Trust

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.