Mirae Asset Global Investments Co. Ltd. Has $131,000 Stake in National Storage Affiliates Trust (NYSE:NSA)

Mirae Asset Global Investments Co. Ltd. raised its stake in National Storage Affiliates Trust (NYSE:NSA) by 29.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,764 shares of the real estate investment trust’s stock after buying an additional 626 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in National Storage Affiliates Trust were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its stake in National Storage Affiliates Trust by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock valued at $103,665,000 after buying an additional 90,925 shares during the period. TimesSquare Capital Management LLC increased its holdings in shares of National Storage Affiliates Trust by 2.5% in the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after acquiring an additional 23,181 shares in the last quarter. Leeward Investments LLC MA increased its holdings in shares of National Storage Affiliates Trust by 30.9% in the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock worth $17,095,000 after acquiring an additional 97,786 shares in the last quarter. Swedbank AB bought a new stake in shares of National Storage Affiliates Trust in the first quarter worth about $16,056,000. Finally, Long Pond Capital LP bought a new stake in shares of National Storage Affiliates Trust in the second quarter worth about $16,198,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Truist Financial increased their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Wells Fargo & Company increased their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Barclays increased their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Evercore ISI increased their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.83.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $41.97 on Tuesday. National Storage Affiliates Trust has a 52 week low of $29.55 and a 52 week high of $49.44. The stock has a market capitalization of $3.15 billion, a PE ratio of 24.54 and a beta of 0.99. The stock has a 50 day moving average price of $45.69 and a 200 day moving average price of $42.08. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same period in the previous year, the business earned $0.67 earnings per share. The business’s quarterly revenue was down 20.2% on a year-over-year basis. Analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 5.34%. National Storage Affiliates Trust’s payout ratio is currently 130.99%.

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.