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

OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 35.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,774 shares of the real estate investment trust’s stock after purchasing an additional 32,252 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.16% of National Storage Affiliates Trust worth $3,710,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Balyasny Asset Management L.P. lifted its stake in National Storage Affiliates Trust by 172.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after acquiring an additional 1,989,965 shares in the last quarter. Long Pond Capital LP acquired a new stake in shares of National Storage Affiliates Trust during the second quarter worth approximately $79,936,000. Prudential Financial Inc. grew its position in National Storage Affiliates Trust by 50.0% during the second quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after purchasing an additional 696,067 shares in the last quarter. Jennison Associates LLC increased its stake in National Storage Affiliates Trust by 38.5% in the 2nd quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock valued at $47,510,000 after buying an additional 413,173 shares during the period. Finally, Geode Capital Management LLC lifted its position in National Storage Affiliates Trust by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,435,046 shares of the real estate investment trust’s stock worth $45,912,000 after buying an additional 12,737 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

NSA has been the topic of a number of research reports. Mizuho upped their price target on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday. Barclays set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday. UBS Group cut their price target on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. National Bankshares set a $32.00 price objective on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Finally, KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Nine analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $32.20.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $32.78 on Thursday. The firm has a fifty day simple moving average of $29.25 and a 200-day simple moving average of $30.48. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $40.62. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 53.74 and a beta of 1.18.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $188.70 million for the quarter, compared to analyst estimates of $184.04 million. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. National Storage Affiliates Trust’s revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.62 EPS. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.57 per share. The ex-dividend date was Monday, December 15th. This represents a $2.28 annualized dividend and a yield of 7.0%. National Storage Affiliates Trust’s dividend payout ratio is presently 373.77%.

National Storage Affiliates Trust Profile

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.