Swedbank AB Sells 220,000 Shares of National Storage Affiliates Trust (NYSE:NSA)

Swedbank AB trimmed its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 53.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,000 shares of the real estate investment trust's stock after selling 220,000 shares during the period. Swedbank AB owned approximately 0.25% of National Storage Affiliates Trust worth $7,203,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. FMR LLC grew its holdings in shares of 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 valued at $80,214,000 after buying an additional 358,449 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $20,300,000 after buying an additional 334,445 shares during the period. Victory Capital Management Inc. grew its holdings in shares of National Storage Affiliates Trust by 1,581.9% in the 3rd quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust's stock valued at $11,650,000 after buying an additional 227,334 shares during the period. Hancock Whitney Corp grew its holdings in shares of National Storage Affiliates Trust by 1,760.2% in the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock valued at $10,035,000 after buying an additional 197,003 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at $5,406,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 2.0 %

NYSE:NSA traded up $0.74 on Wednesday, hitting $37.45. 271,830 shares of the company's stock were exchanged, compared to its average volume of 497,662. The firm has a 50-day moving average price of $38.87 and a 200-day moving average price of $42.63. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The company has a market cap of $2.85 billion, a P/E ratio of 21.90 and a beta of 1.03.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 6.09%. National Storage Affiliates Trust's payout ratio is 133.33%.

Analyst Ratings Changes

NSA has been the subject of several research analyst reports. Wells Fargo & Company boosted 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 report on Monday, October 21st. Robert W. Baird boosted their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays cut 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 report on Monday, January 13th. Two equities 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. Based on data from MarketBeat.com, National Storage Affiliates Trust has an average rating of "Hold" and an average target price of $43.06.

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.