Public Employees Retirement System of Ohio Acquires 1,962 Shares of National Storage Affiliates Trust $NSA

Public Employees Retirement System of Ohio boosted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,766 shares of the real estate investment trust’s stock after buying an additional 1,962 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of National Storage Affiliates Trust worth $3,927,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings 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 valued at $56,000 after buying an additional 308 shares during the last quarter. UMB Bank n.a. raised its holdings in National Storage Affiliates Trust by 71.9% in the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 379 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new position in National Storage Affiliates Trust in the 2nd quarter valued at approximately $137,000. Wealth Enhancement Advisory Services LLC increased its position in National Storage Affiliates Trust by 19.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,463 shares of the real estate investment trust’s stock valued at $341,000 after purchasing an additional 1,695 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in National Storage Affiliates Trust by 24.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,278 shares of the real estate investment trust’s stock valued at $521,000 after purchasing an additional 3,156 shares during the period. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.2%

Shares of National Storage Affiliates Trust stock opened at $30.23 on Wednesday. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $48.64. The stock’s 50-day simple moving average is $30.98 and its 200 day simple moving average is $33.46. The stock has a market capitalization of $2.32 billion, a P/E ratio of 48.76 and a beta of 1.09. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

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

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Monday, September 15th. National Storage Affiliates Trust’s payout ratio is presently 367.74%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NSA shares. National Bankshares set a $33.00 target price on shares of National Storage Affiliates Trust in a research report on Tuesday, June 24th. Evercore ISI increased their target price on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a research report on Monday, September 15th. UBS Group decreased 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 research report on Tuesday, September 16th. Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Robert W. Baird reduced their price objective on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Six research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target 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.