Sumitomo Mitsui DS Asset Management Company Ltd Has $521,000 Stock Holdings in National Storage Affiliates Trust $NSA

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 24.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,278 shares of the real estate investment trust’s stock after purchasing an additional 3,156 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in National Storage Affiliates Trust were worth $521,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. GW&K Investment Management LLC boosted its position in National Storage Affiliates Trust by 0.6% during the first quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust’s stock valued at $30,658,000 after purchasing an additional 4,609 shares during the last quarter. Alliancebernstein L.P. boosted its position in National Storage Affiliates Trust by 5.3% during the first quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust’s stock valued at $30,131,000 after purchasing an additional 38,573 shares during the last quarter. Nuveen LLC acquired a new stake in shares of National Storage Affiliates Trust in the first quarter valued at approximately $23,134,000. LPL Financial LLC lifted its position in shares of National Storage Affiliates Trust by 0.3% in the first quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust’s stock valued at $21,100,000 after buying an additional 1,713 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of National Storage Affiliates Trust by 4.8% in the first quarter. Invesco Ltd. now owns 497,003 shares of the real estate investment trust’s stock valued at $19,582,000 after buying an additional 22,641 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $29.91 on Tuesday. The stock has a market cap of $2.30 billion, a P/E ratio of 48.23 and a beta of 1.09. The stock has a 50 day simple moving average of $31.18 and a 200 day simple moving average of $33.75. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. During the same period in the previous year, the business posted $0.21 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, September 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 367.74%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NSA. Wall Street Zen raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday. National Bankshares set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, June 24th. UBS Group cut their price objective on National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Morgan Stanley cut National Storage Affiliates Trust from an “equal weight” rating to an “underweight” rating and set a $30.00 price objective for the company. in a research report on Tuesday, May 27th. Finally, Robert W. Baird dropped their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $33.64.

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.