National Storage Affiliates Trust $NSA Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in National Storage Affiliates Trust (NYSE:NSA) by 2.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 98,350 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of National Storage Affiliates Trust worth $3,146,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in NSA. UMB Bank n.a. grew its holdings in National Storage Affiliates Trust by 71.9% during the 2nd 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. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth $32,000. Jones Financial Companies Lllp grew 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 purchasing an additional 821 shares in the last quarter. GAMMA Investing LLC raised its stake in National Storage Affiliates Trust by 21.4% in the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 308 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in National Storage Affiliates Trust by 6,617.4% in the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 1,522 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NSA. Zacks Research cut National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Wall Street Zen raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. UBS Group lowered their target price on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, September 16th. Finally, Barclays dropped their target price on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Eight analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $33.64.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $28.79 on Friday. The stock’s 50-day moving average price is $30.33 and its 200 day moving average price is $31.81. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. The stock has a market capitalization of $2.22 billion, a PE ratio of 46.43 and a beta of 1.10. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $46.07.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 4.91% and a net margin of 8.92%.The company’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Monday, December 15th. National Storage Affiliates Trust’s payout ratio is currently 373.77%.

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.