Ontario Teachers Pension Plan Board Decreases Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Ontario Teachers Pension Plan Board decreased its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 67.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,331 shares of the real estate investment trust's stock after selling 176,002 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.11% of National Storage Affiliates Trust worth $4,017,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new position in National Storage Affiliates Trust during the third quarter worth about $29,000. Northwestern Mutual Wealth Management Co. bought a new position in National Storage Affiliates Trust during the 2nd quarter worth about $33,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of National Storage Affiliates Trust in the second quarter valued at about $39,000. Bellevue Asset Management LLC acquired a new position in shares of National Storage Affiliates Trust during the third quarter worth about $39,000. Finally, Rothschild Investment LLC bought a new position in shares of National Storage Affiliates Trust during the second quarter worth about $59,000. Institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays increased their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Evercore ISI upped their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a research report on Monday, September 16th. Citigroup lifted their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a "neutral" rating in a research report on Friday, August 30th. Truist Financial raised their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a "hold" rating in a report on Friday, August 16th. Finally, KeyCorp lowered shares of National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $43.17.

National Storage Affiliates Trust Trading Down 0.7 %

NYSE:NSA traded down $0.32 during mid-day trading on Wednesday, hitting $43.92. 661,774 shares of the stock traded hands, compared to its average volume of 714,462. National Storage Affiliates Trust has a 52 week low of $32.42 and a 52 week high of $49.44. The firm's 50 day moving average is $44.95 and its two-hundred day moving average is $42.67. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 25.64 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million during the quarter, compared to analysts' expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust's quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.57 dividend. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 5.19%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 133.33%.

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.