Mutual of America Capital Management LLC Has $1.82 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Mutual of America Capital Management LLC decreased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 5.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 37,763 shares of the real estate investment trust’s stock after selling 2,142 shares during the quarter. Mutual of America Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $1,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NSA. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust in the third quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth about $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust in the second quarter valued at approximately $39,000. Bellevue Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at $39,000. Finally, Rothschild Investment LLC acquired a new position in shares of National Storage Affiliates Trust during the second quarter valued at about $59,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 0.4 %

NSA opened at $44.35 on Monday. National Storage Affiliates Trust has a one year low of $32.42 and a one year high of $49.44. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 25.94 and a beta of 0.99. The stock’s 50 day moving average price is $44.76 and its 200-day moving average price is $42.79. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). The business had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.14%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

A number of analysts have commented on NSA shares. Wells Fargo & Company boosted their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Truist Financial increased their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Jefferies Financial Group raised their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Evercore ISI boosted their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Finally, Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Company 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.