Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in National Storage Affiliates Trust $NSA

Mitsubishi UFJ Trust & Banking Corp increased its position in National Storage Affiliates Trust (NYSE:NSA) by 258.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 118,476 shares of the real estate investment trust’s stock after purchasing an additional 85,382 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.15% of National Storage Affiliates Trust worth $3,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC boosted its stake in National Storage Affiliates Trust by 7.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock worth $4,703,000 after purchasing an additional 9,593 shares in the last quarter. Capital Fund Management S.A. purchased a new position in National Storage Affiliates Trust in the second quarter worth about $1,167,000. Norges Bank bought a new position in shares of National Storage Affiliates Trust in the second quarter worth approximately $21,991,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of National Storage Affiliates Trust by 35.6% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock valued at $3,710,000 after buying an additional 32,252 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of National Storage Affiliates Trust during the second quarter valued at approximately $5,012,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NSA has been the topic of several analyst reports. Barclays set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, January 13th. Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday. Mizuho increased their price objective on National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Ten equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $32.50.

National Storage Affiliates Trust Stock Performance

NSA stock opened at $31.84 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $40.62. The company has a market cap of $2.45 billion, a P/E ratio of 52.19 and a beta of 1.18. The stock’s fifty day moving average price is $30.01 and its 200-day moving average price is $30.53.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The company had revenue of $188.70 million for the quarter, compared to the consensus estimate of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.National Storage Affiliates Trust’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 7.2%. The ex-dividend date was Monday, December 15th. National Storage Affiliates Trust’s payout ratio is 373.77%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.