Allspring Global Investments Holdings LLC Lowers Holdings in National Storage Affiliates Trust (NYSE:NSA)

Allspring Global Investments Holdings LLC trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 72.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,607 shares of the real estate investment trust's stock after selling 37,570 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in National Storage Affiliates Trust were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of NSA. Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust during the third quarter valued at $25,000. Versant Capital Management Inc increased 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 valued at $28,000 after acquiring an additional 514 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth about $29,000. Bellevue Asset Management LLC bought a new position in National Storage Affiliates Trust in the 3rd quarter worth about $39,000. Finally, Venturi Wealth Management LLC grew its position in National Storage Affiliates Trust by 514.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust's stock valued at $70,000 after purchasing an additional 1,215 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

National Storage Affiliates Trust Stock Performance

Shares of NSA stock traded down $0.39 on Friday, reaching $38.61. The stock had a trading volume of 1,703,542 shares, compared to its average volume of 496,467. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. The stock has a market cap of $2.94 billion, a P/E ratio of 22.58 and a beta of 1.03. The company has a 50 day simple moving average of $37.41 and a 200 day simple moving average of $42.07.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. Equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 5.90%. National Storage Affiliates Trust's dividend payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

NSA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Robert W. Baird increased 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. Finally, Barclays decreased their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.