New York State Common Retirement Fund Has $3.03 Million Position in National Storage Affiliates Trust (NYSE:NSA)

New York State Common Retirement Fund cut its stake in National Storage Affiliates Trust (NYSE:NSA) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 72,998 shares of the real estate investment trust’s stock after selling 4,853 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of National Storage Affiliates Trust worth $3,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NSA. Commonwealth Equity Services LLC acquired a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $383,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of National Storage Affiliates Trust by 49.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,675 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 6,533 shares during the last quarter. Raymond James & Associates boosted its holdings in National Storage Affiliates Trust by 5.7% in the third quarter. Raymond James & Associates now owns 205,068 shares of the real estate investment trust’s stock worth $6,509,000 after purchasing an additional 11,121 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in National Storage Affiliates Trust by 137.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,272 shares of the real estate investment trust’s stock worth $548,000 after buying an additional 9,993 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in National Storage Affiliates Trust by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,328 shares of the real estate investment trust’s stock worth $1,470,000 after buying an additional 673 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NSA has been the subject of several recent analyst reports. Barclays began coverage on National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on National Storage Affiliates Trust in a report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus price target of $36.60.

National Storage Affiliates Trust Trading Up 1.1 %

Shares of NSA opened at $36.46 on Tuesday. The stock’s 50-day moving average price is $36.84 and its 200 day moving average price is $36.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $42.54. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 19.09 and a beta of 0.87.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The business had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. During the same period in the previous year, the business posted $0.66 earnings per share. National Storage Affiliates Trust’s quarterly revenue was down 5.7% on a year-over-year basis. As a group, research analysts predict that National Storage Affiliates Trust will post 2.5 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 6.14%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

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.