National Storage Affiliates Trust (NYSE:NSA) Position Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 57.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,617 shares of the real estate investment trust's stock after selling 85,202 shares during the period. Los Angeles Capital Management LLC owned about 0.08% of National Storage Affiliates Trust worth $2,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hancock Whitney Corp increased its holdings in shares of National Storage Affiliates Trust by 1,760.2% in the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock valued at $10,035,000 after purchasing an additional 197,003 shares in the last quarter. Cerity Partners LLC increased its holdings in National Storage Affiliates Trust by 35.7% in the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust's stock valued at $2,303,000 after buying an additional 12,583 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in National Storage Affiliates Trust by 385.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust's stock valued at $20,300,000 after buying an additional 334,445 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of National Storage Affiliates Trust by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock valued at $15,389,000 after acquiring an additional 42,508 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of National Storage Affiliates Trust by 48.1% during the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock worth $5,769,000 after acquiring an additional 42,241 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

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Analysts Set New Price Targets

Several analysts have weighed in on NSA shares. Wells Fargo & Company lowered their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Barclays lowered their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Robert W. Baird lifted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 research report on Friday, January 10th. Two investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $42.56.

National Storage Affiliates Trust Trading Down 0.2 %

NYSE:NSA traded down $0.08 during trading hours on Monday, reaching $38.54. 575,160 shares of the company were exchanged, compared to its average volume of 498,400. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 22.54 and a beta of 1.03. The stock has a 50 day simple moving average of $37.42 and a 200 day simple moving average of $42.02. National Storage Affiliates Trust has a 52-week low of $34.58 and a 52-week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share 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 analyst estimates of $185.37 million. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 5.92%. National Storage Affiliates Trust's payout ratio is 200.00%.

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.