M&T Bank Corp Takes Position in National Storage Affiliates Trust $NSA

M&T Bank Corp bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,953 shares of the real estate investment trust’s stock, valued at approximately $958,000.

Several other institutional investors also recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings in shares of National Storage Affiliates Trust by 0.6% during the second quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock valued at $2,132,000 after purchasing an additional 392 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of National Storage Affiliates Trust by 42.5% during the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 424 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of National Storage Affiliates Trust by 33.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,131 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 539 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of National Storage Affiliates Trust by 43.5% during the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 541 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of National Storage Affiliates Trust by 81.8% during the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 586 shares during the period. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Up 2.7%

NSA opened at $42.60 on Friday. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $44.01. The company has a debt-to-equity ratio of 2.86, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $3.28 billion, a P/E ratio of 61.73 and a beta of 1.08. The stock’s 50 day moving average price is $38.26 and its 200 day moving average price is $33.27.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. National Storage Affiliates Trust had a return on equity of 5.81% and a net margin of 9.80%.The firm had revenue of $187.03 million for the quarter, compared to analysts’ expectations of $187.24 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. As a group, research analysts predict that National Storage Affiliates Trust will post 2.21 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 Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.4%. The ex-dividend date was Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 330.43%.

Analyst Ratings Changes

A number of analysts recently weighed in on NSA shares. Evercore raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. BNP Paribas Exane raised shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective on the stock in a report on Monday, March 16th. Mizuho increased their price objective on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. UBS Group dropped their price objective on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Twelve analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $33.90.

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.