Public Employees Retirement System of Ohio Trims Position in National Storage Affiliates Trust (NYSE:NSA)

Public Employees Retirement System of Ohio lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,368 shares of the real estate investment trust’s stock after selling 1,308 shares during the period. Public Employees Retirement System of Ohio’s holdings in National Storage Affiliates Trust were worth $6,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NSA. Thrivent Financial for Lutherans lifted its position in shares of National Storage Affiliates Trust by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock worth $122,301,000 after purchasing an additional 22,454 shares during the period. FMR LLC lifted its holdings in National Storage Affiliates Trust by 27.5% in the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after buying an additional 358,449 shares during the period. Charles Schwab Investment Management Inc. boosted its position in National Storage Affiliates Trust by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust’s stock valued at $47,672,000 after acquiring an additional 43,074 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of National Storage Affiliates Trust by 385.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock worth $20,300,000 after acquiring an additional 334,445 shares during the period. Finally, Leeward Investments LLC MA raised its position in shares of National Storage Affiliates Trust by 30.9% in the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock worth $17,095,000 after acquiring an additional 97,786 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Down 2.0 %

Shares of NYSE NSA opened at $41.46 on Friday. The firm’s 50 day moving average price is $43.58 and its 200-day moving average price is $43.46. National Storage Affiliates Trust has a 52-week low of $34.50 and a 52-week high of $49.44. 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 company has a market cap of $3.16 billion, a PE ratio of 24.25 and a beta of 1.01.

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

National Storage Affiliates Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 5.50%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

Analysts Set New Price Targets

NSA has been the topic of several research reports. Citigroup lifted their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research report on Friday, August 30th. Jefferies Financial Group upped their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Truist Financial lifted their price target 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. 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. Finally, KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Three research 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. According to MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus price target of $43.17.

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.