Sumitomo Mitsui Trust Group Inc. Sells 834 Shares of National Storage Affiliates Trust $NSA

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,383 shares of the real estate investment trust’s stock after selling 834 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in National Storage Affiliates Trust were worth $2,475,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NSA. Hudson Edge Investment Partners Inc. acquired a new position in shares of National Storage Affiliates Trust during the first quarter worth about $687,000. Teacher Retirement System of Texas boosted its position in shares of National Storage Affiliates Trust by 131.6% during the first quarter. Teacher Retirement System of Texas now owns 13,440 shares of the real estate investment trust’s stock worth $530,000 after buying an additional 7,637 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of National Storage Affiliates Trust by 4.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,903 shares of the real estate investment trust’s stock worth $587,000 after buying an additional 600 shares during the period. Leeward Investments LLC MA grew its stake in shares of National Storage Affiliates Trust by 13.0% during the 1st quarter. Leeward Investments LLC MA now owns 434,065 shares of the real estate investment trust’s stock worth $17,102,000 after acquiring an additional 49,832 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of National Storage Affiliates Trust by 7.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,932 shares of the real estate investment trust’s stock worth $234,000 after acquiring an additional 413 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Down 3.1%

NSA stock opened at $29.03 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.30 and a quick ratio of 0.30. The company has a fifty day moving average price of $31.21 and a two-hundred day moving average price of $32.60. National Storage Affiliates Trust has a one year low of $28.02 and a one year high of $46.07. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 46.82 and a beta of 1.08.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $188.84 million for the quarter, compared to the consensus estimate of $185.91 million. During the same period last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Monday, September 15th. National Storage Affiliates Trust’s payout ratio is 367.74%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NSA. Barclays decreased their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, August 8th. Truist Financial decreased their price target on shares of National Storage Affiliates Trust from $37.00 to $32.00 and set a “hold” rating for the company in a research note on Monday, August 25th. Robert W. Baird decreased their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, July 23rd. Seven equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Reduce” and a consensus 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.