Mitsubishi UFJ Trust & Banking Corp Boosts Stake in National Storage Affiliates Trust $NSA

Mitsubishi UFJ Trust & Banking Corp increased its stake in National Storage Affiliates Trust (NYSE:NSA) by 258.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,476 shares of the real estate investment trust’s stock after purchasing an additional 85,382 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in National Storage Affiliates Trust were worth $3,580,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 7.0% in the second quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock worth $4,703,000 after buying an additional 9,593 shares during the period. Capital Fund Management S.A. bought a new stake in National Storage Affiliates Trust during the 2nd quarter worth approximately $1,167,000. Norges Bank bought a new stake in National Storage Affiliates Trust during the 2nd quarter worth approximately $21,991,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in National Storage Affiliates Trust by 35.6% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock valued at $3,710,000 after purchasing an additional 32,252 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of National Storage Affiliates Trust in the second quarter worth approximately $5,012,000. Institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. UBS Group decreased their price objective on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday. Barclays set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, January 13th. Mizuho increased their target price on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Wall Street Zen cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Ten analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and a consensus price target of $32.50.

National Storage Affiliates Trust Stock Up 1.0%

NSA opened at $31.84 on Friday. The company has a market capitalization of $2.45 billion, a PE ratio of 52.19 and a beta of 1.18. The firm has a 50-day simple moving average of $30.01 and a two-hundred day simple moving average of $30.53. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $188.70 million for the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

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.