National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Pensionfund DSM Netherlands

Pensionfund DSM Netherlands decreased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 20.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,800 shares of the real estate investment trust’s stock after selling 4,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in National Storage Affiliates Trust were worth $599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $29,000. Versant Capital Management Inc grew its holdings in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares during the last quarter. Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $39,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in National Storage Affiliates Trust in the second quarter valued at about $33,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NSA. Evercore ISI raised their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Robert W. Baird increased their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Finally, Barclays boosted their price target 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. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.94.

National Storage Affiliates Trust Trading Down 0.8 %

Shares of NYSE:NSA traded down $0.30 during midday trading on Monday, reaching $37.94. The company’s stock had a trading volume of 59,070 shares, compared to its average volume of 339,274. The business has a 50 day moving average price of $41.84 and a 200 day moving average price of $43.47. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 22.19 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $185.45 million. During the same quarter last year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down 20.2% compared to the same quarter last year. Research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.01%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

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.