Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in National Storage Affiliates Trust (NYSE:NSA)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,570 shares of the real estate investment trust’s stock after purchasing an additional 2,541 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.06% of National Storage Affiliates Trust worth $1,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSA. Vanguard Group Inc. raised its stake in National Storage Affiliates Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock valued at $369,979,000 after buying an additional 80,923 shares during the last quarter. LPL Financial LLC grew its holdings in shares of National Storage Affiliates Trust by 3.8% in the fourth quarter. LPL Financial LLC now owns 533,812 shares of the real estate investment trust’s stock worth $20,237,000 after acquiring an additional 19,693 shares during the period. Fox Run Management L.L.C. increased its position in National Storage Affiliates Trust by 42.6% during the fourth quarter. Fox Run Management L.L.C. now owns 7,018 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 2,098 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in National Storage Affiliates Trust in the fourth quarter valued at about $546,000. Finally, Sei Investments Co. boosted its position in National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust’s stock worth $14,943,000 after purchasing an additional 29,063 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NSA has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Robert W. Baird dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Barclays reduced their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.06.

National Storage Affiliates Trust Trading Down 1.1 %

Shares of National Storage Affiliates Trust stock opened at $38.98 on Wednesday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average of $37.88 and a 200 day moving average of $40.87. The company has a market capitalization of $2.98 billion, a P/E ratio of 22.80 and a beta of 1.07. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

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.