Mitsubishi UFJ Asset Management Co. Ltd. Purchases 3,233 Shares of National Storage Affiliates Trust $NSA

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.8% during the second quarter, Holdings Channel.com reports. The fund owned 50,525 shares of the real estate investment trust’s stock after buying an additional 3,233 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in National Storage Affiliates Trust were worth $1,616,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of National Storage Affiliates Trust in the first quarter worth about $32,000. UMB Bank n.a. raised its stake 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 valued at $29,000 after purchasing an additional 379 shares during the period. Jones Financial Companies Lllp lifted its holdings in National Storage Affiliates Trust by 207.3% in the 1st 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. Brooklyn Investment Group boosted its stake in National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 1,522 shares during the period. Finally, GAMMA Investing LLC boosted its stake in National Storage Affiliates Trust by 21.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 308 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NSA. UBS Group lowered their target price on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Truist Financial reduced their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating on the stock in a report on Monday, August 25th. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Wednesday, October 8th. Finally, Barclays reduced their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, August 8th. Eight investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Reduce” and a consensus price target of $33.64.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $29.20 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $2.25 billion, a PE ratio of 47.10 and a beta of 1.10. The company has a 50 day moving average price of $30.75 and a 200-day moving average price of $32.16. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $46.07.

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 analysts’ consensus estimates of $0.56 by $0.01. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The company had revenue of $188.70 million during the quarter, compared to analyst estimates of $184.04 million. During the same period in the prior year, the firm earned $0.62 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. As a group, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.8%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 373.77%.

About National Storage Affiliates Trust

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.