Allspring Global Investments Holdings LLC Acquires 43,698 Shares of National Storage Affiliates Trust (NYSE:NSA)

Allspring Global Investments Holdings LLC increased its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 515.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,177 shares of the real estate investment trust's stock after acquiring an additional 43,698 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of National Storage Affiliates Trust worth $2,515,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NSA. Raymond James & Associates lifted its position in shares of National Storage Affiliates Trust by 9.9% in the third quarter. Raymond James & Associates now owns 299,508 shares of the real estate investment trust's stock worth $14,436,000 after purchasing an additional 26,878 shares in the last quarter. Creative Planning increased its stake in National Storage Affiliates Trust by 27.3% in the 3rd quarter. Creative Planning now owns 10,501 shares of the real estate investment trust's stock valued at $506,000 after buying an additional 2,250 shares during the period. Ritholtz Wealth Management purchased a new stake in National Storage Affiliates Trust in the 3rd quarter worth approximately $696,000. GAMMA Investing LLC boosted its stake in shares of National Storage Affiliates Trust by 174.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 927 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of National Storage Affiliates Trust by 36.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 22,916 shares of the real estate investment trust's stock valued at $1,105,000 after acquiring an additional 6,100 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of research reports. KeyCorp cut National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research report on Monday, September 9th. Jefferies Financial Group boosted their price target on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Robert W. Baird raised their price objective on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Wells Fargo & Company lifted their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research note on Monday, October 21st. Finally, Citigroup increased their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Three 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 stock. According to MarketBeat.com, National Storage Affiliates Trust presently has an average rating of "Hold" and an average target price of $42.83.

National Storage Affiliates Trust Stock Performance

NYSE:NSA traded down $0.03 during midday trading on Wednesday, reaching $42.47. The stock had a trading volume of 498,717 shares, compared to its average volume of 728,886. The stock has a market capitalization of $3.18 billion, a P/E ratio of 23.73 and a beta of 0.98. National Storage Affiliates Trust has a 1-year low of $27.96 and a 1-year high of $49.44. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The firm's fifty day simple moving average is $45.93 and its 200-day simple moving average is $41.90.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). The business had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The company's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.27%. National Storage Affiliates Trust's dividend payout ratio is currently 125.14%.

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.