Mutual of America Capital Management LLC Sells 1,106 Shares of National Storage Affiliates Trust $NSA

Mutual of America Capital Management LLC lowered its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,986 shares of the real estate investment trust’s stock after selling 1,106 shares during the period. Mutual of America Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSA. Nuveen LLC bought a new position in National Storage Affiliates Trust during the first quarter worth about $23,134,000. MetLife Investment Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 630.5% during the 1st quarter. MetLife Investment Management LLC now owns 303,860 shares of the real estate investment trust’s stock valued at $11,972,000 after purchasing an additional 262,265 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 47,286.2% during the 1st quarter. Peregrine Capital Management LLC now owns 137,420 shares of the real estate investment trust’s stock valued at $5,414,000 after purchasing an additional 137,130 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at about $5,165,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of National Storage Affiliates Trust by 62.7% during the 2nd quarter. Sound Income Strategies LLC now owns 232,011 shares of the real estate investment trust’s stock valued at $7,422,000 after purchasing an additional 89,453 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

NSA has been the topic of several recent analyst reports. Wall Street Zen cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 19th. UBS Group cut their price objective on 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. Robert W. Baird dropped their target price on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Zacks Research lowered National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Finally, Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 23rd. Seven investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average price target of $33.64.

National Storage Affiliates Trust Stock Down 0.9%

NSA stock opened at $31.56 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62. The firm has a market capitalization of $2.42 billion, a PE ratio of 50.90 and a beta of 1.08. National Storage Affiliates Trust has a 1-year low of $28.02 and a 1-year high of $46.07. The business’s 50 day simple moving average is $31.26 and its 200 day simple moving average is $32.70.

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 (EPS) for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.57 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 7.2%. National Storage Affiliates Trust’s payout ratio is 367.74%.

National Storage Affiliates Trust 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.