National Storage Affiliates Trust (NYSE:NSA) Position Cut by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 906,411 shares of the real estate investment trust's stock after selling 40,905 shares during the period. Anchor Capital Advisors LLC owned approximately 1.19% of National Storage Affiliates Trust worth $34,362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NSA. Thrivent Financial for Lutherans grew its holdings in National Storage Affiliates Trust by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust's stock worth $122,301,000 after acquiring an additional 22,454 shares during the period. FMR LLC lifted its position in shares of National Storage Affiliates Trust by 27.5% during the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock valued at $80,214,000 after acquiring an additional 358,449 shares during the period. Geode Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock worth $64,277,000 after acquiring an additional 4,897 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock worth $42,110,000 after acquiring an additional 315,474 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of National Storage Affiliates Trust by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust's stock worth $47,672,000 after acquiring an additional 43,074 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Robert W. Baird boosted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Wells Fargo & Company decreased 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 note on Friday, February 21st. Finally, Barclays lowered their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Hold" and an average price target of $42.56.

National Storage Affiliates Trust Stock Down 1.3 %

NYSE:NSA traded down $0.52 during mid-day trading on Tuesday, hitting $38.05. The company had a trading volume of 361,699 shares, compared to its average volume of 632,207. The business has a fifty day simple moving average of $37.44 and a 200-day simple moving average of $41.99. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 22.25 and a beta of 1.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 1 year low of $34.59 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share 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%. The company had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. Equities analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed 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. This represents a $2.28 annualized dividend and a yield of 5.99%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 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.