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

Public Employees Retirement System of Ohio decreased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.0% during the third quarter, according to its most recent filing with the SEC. 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 owned 0.16% of National Storage Affiliates Trust worth $6,043,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its position in shares of National Storage Affiliates Trust by 11.2% in the third quarter. Quantinno Capital Management LP now owns 176,744 shares of the real estate investment trust’s stock valued at $8,519,000 after acquiring an additional 17,810 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in National Storage Affiliates Trust by 19.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 1,082 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter valued at $1,367,000. Edgestream Partners L.P. increased its holdings in shares of National Storage Affiliates Trust by 61.1% in the third quarter. Edgestream Partners L.P. now owns 149,221 shares of the real estate investment trust’s stock worth $7,192,000 after purchasing an additional 56,582 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of National Storage Affiliates Trust by 385.7% in the third 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 buying an additional 334,445 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 2.0 %

Shares of NYSE:NSA opened at $41.46 on Friday. The stock has a market capitalization of $3.16 billion, a P/E ratio of 24.25 and a beta of 1.01. The stock’s 50-day moving average price is $43.58 and its 200-day moving average price is $43.46. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44.

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

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

Wall Street Analyst Weigh In

NSA has been the subject of several recent analyst reports. Barclays boosted their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Truist Financial upped their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Citigroup boosted their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Jefferies Financial Group raised their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Finally, Robert W. Baird lifted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus 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.