OVERSEA CHINESE BANKING Corp Ltd Trims Stock Position in National Storage Affiliates Trust $NSA

OVERSEA CHINESE BANKING Corp Ltd cut its stake in National Storage Affiliates Trust (NYSE:NSA) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,601 shares of the real estate investment trust’s stock after selling 13,173 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned about 0.14% of National Storage Affiliates Trust worth $3,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NSA. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the first quarter valued at about $32,000. Farther Finance Advisors LLC raised its holdings in shares of National Storage Affiliates Trust by 339.6% in the third 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 during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of National Storage Affiliates Trust in the third quarter valued at about $41,000. Finally, Parallel Advisors LLC raised its holdings in shares of National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 424 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Down 1.7%

NYSE NSA opened at $42.48 on Thursday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 61.56 and a beta of 1.08. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $44.01. The firm has a 50-day moving average price of $37.21 and a 200 day moving average price of $32.78. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.86.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.02. The firm had revenue of $187.03 million during the quarter, compared to analysts’ expectations of $187.24 million. National Storage Affiliates Trust had a net margin of 9.80% and a return on equity of 5.81%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. Equities research analysts expect that National Storage Affiliates Trust will post 2.2 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 330.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NSA shares. UBS Group reduced their target price on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Thursday, January 22nd. Mizuho upped their target price on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, February 5th. Twelve equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $33.90.

About National Storage Affiliates Trust

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.