Leeward Investments LLC MA Sells 28,860 Shares of National Storage Affiliates Trust (NYSE:NSA)

Leeward Investments LLC MA decreased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 384,233 shares of the real estate investment trust’s stock after selling 28,860 shares during the quarter. Leeward Investments LLC MA’s holdings in National Storage Affiliates Trust were worth $14,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NSA. Creative Planning grew its stake in shares of National Storage Affiliates Trust by 27.3% during the third quarter. Creative Planning now owns 10,501 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 2,250 shares during the last quarter. Raymond James & Associates grew its stake in shares of National Storage Affiliates Trust by 9.9% during the third quarter. Raymond James & Associates now owns 299,508 shares of the real estate investment trust’s stock valued at $14,436,000 after buying an additional 26,878 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of National Storage Affiliates Trust by 515.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 52,177 shares of the real estate investment trust’s stock valued at $2,515,000 after buying an additional 43,698 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of National Storage Affiliates Trust by 29.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 626 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of National Storage Affiliates Trust by 9.0% during the third quarter. Arkadios Wealth Advisors now owns 8,465 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 700 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 0.3 %

National Storage Affiliates Trust stock opened at $37.68 on Friday. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The business has a fifty day moving average of $37.49 and a two-hundred day moving average of $42.17. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.87 billion, a P/E ratio of 22.03 and a beta of 1.03.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSA. Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays lowered their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company lowered their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday. Two research 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.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.56.

About National Storage Affiliates Trust

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.