Strs Ohio Purchases 60,400 Shares of National Storage Affiliates Trust $NSA

Strs Ohio raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 3,588.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,083 shares of the real estate investment trust’s stock after purchasing an additional 60,400 shares during the period. Strs Ohio owned approximately 0.08% of National Storage Affiliates Trust worth $1,876,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NSA. Farther Finance Advisors LLC raised its holdings in shares of National Storage Affiliates Trust by 339.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 635 shares in the last quarter. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust during the first quarter valued at approximately $32,000. Jones Financial Companies Lllp raised its stake in shares of National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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. Finally, Osaic Holdings Inc. lifted its holdings in shares of National Storage Affiliates Trust by 43.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 541 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on NSA. UBS Group reduced their target price on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Truist Financial boosted their target price on National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Barclays set a $33.00 price target on National Storage Affiliates Trust in a research report on Tuesday, January 13th. Finally, Morgan Stanley raised National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $30.00 to $32.00 in a research note on Friday, December 5th. Ten equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Reduce” and an average target price of $32.50.

National Storage Affiliates Trust Stock Up 0.4%

Shares of NYSE:NSA opened at $32.01 on Wednesday. The stock’s 50-day moving average is $29.88 and its 200 day moving average is $30.52. The company has a market cap of $2.46 billion, a PE ratio of 52.48 and a beta of 1.18. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $40.62.

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

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 373.77%.

National Storage Affiliates Trust Company Profile

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.