Redwood Investment Management LLC Sells 35,115 Shares of National Storage Affiliates Trust (NYSE:NSA)

Redwood Investment Management LLC lessened its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 25.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,086 shares of the real estate investment trust's stock after selling 35,115 shares during the period. Redwood Investment Management LLC owned 0.14% of National Storage Affiliates Trust worth $4,945,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in National Storage Affiliates Trust by 0.9% in the 3rd 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 last quarter. FMR LLC grew its holdings in National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock worth $80,214,000 after acquiring an additional 358,449 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of National Storage Affiliates Trust by 385.7% in 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 period. Finally, Leeward Investments LLC MA lifted its position in shares of National Storage Affiliates Trust by 30.9% in the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust's stock worth $17,095,000 after purchasing an additional 97,786 shares during the period. Institutional investors own 99.97% of the company's stock.

Wall Street Analysts Forecast Growth

NSA has been the subject of several research analyst reports. Jefferies Financial Group raised their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, September 18th. Wells Fargo & Company lifted their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research report on Monday, October 21st. Truist Financial lifted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a "hold" rating in a research report on Friday, August 16th. Evercore ISI lifted their price target on shares of 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. Finally, Robert W. Baird lifted their price target 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. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.17.

National Storage Affiliates Trust Stock Down 0.9 %

National Storage Affiliates Trust stock traded down $0.37 during trading hours on Thursday, hitting $42.95. The stock had a trading volume of 399,078 shares, compared to its average volume of 707,378. 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 has a market capitalization of $3.27 billion, a P/E ratio of 25.12 and a beta of 1.01. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The stock's 50-day moving average price is $44.08 and its 200-day moving average price is $43.21.

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 (EPS) 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%. The firm's quarterly revenue was down 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.67 earnings per share. Equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, December 13th. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.31%. National Storage Affiliates Trust's payout ratio is currently 130.99%.

National Storage Affiliates Trust 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.