Mirae Asset Global Investments Co. Ltd. Has $48,000 Stock Position in National Storage Affiliates Trust $NSA

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 23.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,504 shares of the real estate investment trust’s stock after selling 452 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in National Storage Affiliates Trust were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of NSA. UniSuper Management Pty Ltd raised its stake in National Storage Affiliates Trust by 1.5% during the first quarter. UniSuper Management Pty Ltd now owns 19,700 shares of the real estate investment trust’s stock worth $776,000 after acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC raised its stake in National Storage Affiliates Trust by 21.4% during the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 308 shares in the last quarter. UMB Bank n.a. raised its stake in National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 379 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in National Storage Affiliates Trust by 7.5% during the first quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 413 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in National Storage Affiliates Trust by 0.9% during the first quarter. Cerity Partners LLC now owns 55,004 shares of the real estate investment trust’s stock worth $2,167,000 after acquiring an additional 483 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NSA. Evercore ISI boosted their target price on National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research note on Monday, September 15th. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, July 23rd. Robert W. Baird lowered their price objective on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research note on Tuesday, June 24th. Finally, BNP Paribas Exane began coverage on National Storage Affiliates Trust in a research note on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 price objective for the company. Seven analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $33.64.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $30.15 on Monday. The company has a market capitalization of $2.31 billion, a PE ratio of 48.63 and a beta of 1.08. The company has a 50 day simple moving average of $30.89 and a two-hundred day simple moving average of $33.00. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $46.07.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The firm had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 7.6%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 367.74%.

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.