National Storage Affiliates Trust (NYSE:NSA) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in National Storage Affiliates Trust (NYSE:NSA) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,756 shares of the real estate investment trust’s stock after selling 1,453 shares during the period. New York State Teachers Retirement System owned about 0.13% of National Storage Affiliates Trust worth $4,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust in the second quarter worth approximately $33,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth $39,000. Rothschild Investment LLC acquired a new stake in shares of National Storage Affiliates Trust during the second quarter worth $59,000. GAMMA Investing LLC lifted its holdings in shares of National Storage Affiliates Trust by 174.9% during the third quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 927 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of National Storage Affiliates Trust by 48.1% in the 2nd quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 661 shares during the period. 99.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Evercore ISI raised their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Robert W. Baird boosted their target price on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Truist Financial raised their target price on 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. Finally, 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 report on Friday, August 30th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.83.

National Storage Affiliates Trust Stock Up 3.7 %

NSA opened at $43.54 on Wednesday. The company has a market capitalization of $3.32 billion, a PE ratio of 25.46 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a fifty-two week low of $29.55 and a fifty-two week high of $49.44. The business has a 50-day moving average of $45.65 and a 200-day moving average of $42.13.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The business had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. National Storage Affiliates Trust’s revenue was down 20.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. Equities research analysts forecast that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust’s payout ratio is 130.99%.

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.