OVERSEA CHINESE BANKING Corp Ltd Has $3.71 Million Stock Position in National Storage Affiliates Trust $NSA

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 35.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,774 shares of the real estate investment trust’s stock after purchasing an additional 32,252 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in National Storage Affiliates Trust were worth $3,710,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in National Storage Affiliates Trust by 21.4% during the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 308 shares during the period. UMB Bank n.a. increased its position in shares of National Storage Affiliates Trust by 71.9% during the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 379 shares during the period. Peak Financial Advisors LLC raised its stake in shares of National Storage Affiliates Trust by 3.0% in the third quarter. Peak Financial Advisors LLC now owns 13,272 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 382 shares in the last quarter. California State Teachers Retirement System lifted its position in National Storage Affiliates Trust by 0.6% in the second quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock worth $2,132,000 after purchasing an additional 392 shares during the period. Finally, SPC Financial Inc. boosted its stake in National Storage Affiliates Trust by 6.4% during the second quarter. SPC Financial Inc. now owns 8,300 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $32.78 on Thursday. The business’s fifty day moving average is $29.25 and its two-hundred day moving average is $30.48. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $2.52 billion, a P/E ratio of 53.74 and a beta of 1.18. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $188.70 million during the quarter, compared to analysts’ expectations of $184.04 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is 373.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday. KeyCorp reissued a “sector weight” rating on shares of National Storage Affiliates Trust in a research note on Tuesday, November 4th. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Barclays set a $33.00 price objective on National Storage Affiliates Trust in a report on Tuesday. Finally, Wall Street Zen cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Nine research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Reduce” and an average target price of $32.20.

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.