New York State Common Retirement Fund Has $1.19 Million Position in National Storage Affiliates Trust (NYSE:NSA)

New York State Common Retirement Fund reduced its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,339 shares of the real estate investment trust's stock after selling 15,694 shares during the quarter. New York State Common Retirement Fund's holdings in National Storage Affiliates Trust were worth $1,188,000 as of its most recent SEC filing.

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

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Wall Street Analysts Forecast Growth

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

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA traded down $0.40 during midday trading on Thursday, reaching $38.41. 213,207 shares of the company were exchanged, compared to its average volume of 629,027. National Storage Affiliates Trust has a one year low of $34.59 and a one year high of $49.44. The stock has a market cap of $2.93 billion, a P/E ratio of 22.46 and a beta of 1.03. 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 stock's 50-day moving average price is $37.45 and its 200-day moving average price is $41.94.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

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. This represents a $2.28 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's payout ratio is 200.00%.

National Storage Affiliates Trust Company 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.