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

Leeward Investments LLC MA cut its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 owned 0.50% of National Storage Affiliates Trust worth $14,566,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in National Storage Affiliates Trust in the 3rd quarter valued at approximately $25,000. Versant Capital Management Inc increased its position in National Storage Affiliates Trust by 233.6% in the 4th 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 during the period. Ashton Thomas Securities LLC acquired a new position in National Storage Affiliates Trust in the 3rd quarter valued at approximately $29,000. Bellevue Asset Management LLC bought a new position in shares of National Storage Affiliates Trust during the third quarter valued at $39,000. Finally, Venturi Wealth Management LLC grew its stake in shares of National Storage Affiliates Trust by 514.8% in the third quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 1,215 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Down 1.6 %

NSA stock traded down $0.63 during mid-day trading on Wednesday, reaching $38.23. The company's stock had a trading volume of 560,716 shares, compared to its average volume of 457,982. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The business's 50 day moving average price is $37.39 and its 200 day moving average price is $42.12. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 22.36 and a beta of 1.03.

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National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 5.96%. National Storage Affiliates Trust's dividend payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

NSA has been the subject of a number of recent research reports. Barclays decreased their price objective 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. 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 report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and a consensus target price of $42.56.

National Storage Affiliates Trust 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.