TimesSquare Capital Management LLC Buys 315,474 Shares of National Storage Affiliates Trust (NYSE:NSA)

TimesSquare Capital Management LLC boosted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 39.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,110,784 shares of the real estate investment trust's stock after acquiring an additional 315,474 shares during the period. TimesSquare Capital Management LLC owned 1.46% of National Storage Affiliates Trust worth $42,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NSA. Creative Planning grew its holdings in National Storage Affiliates Trust by 27.3% during 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 in the last quarter. Raymond James & Associates grew its holdings in National Storage Affiliates Trust by 9.9% during the 3rd quarter. Raymond James & Associates now owns 299,508 shares of the real estate investment trust's stock valued at $14,436,000 after buying an additional 26,878 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in National Storage Affiliates Trust by 515.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,177 shares of the real estate investment trust's stock valued at $2,515,000 after buying an additional 43,698 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in National Storage Affiliates Trust by 29.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 626 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in National Storage Affiliates Trust by 9.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 8,465 shares of the real estate investment trust's stock valued at $408,000 after buying an additional 700 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NSA has been the subject of a number of recent analyst reports. Barclays reduced their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Wells Fargo & Company reduced their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday. Robert W. Baird lifted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently 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 $0.10 during midday trading on Friday, hitting $37.68. 357,315 shares of the company's stock were exchanged, compared to its average volume of 445,809. The business's fifty day moving average price is $37.49 and its two-hundred day moving average price is $42.18. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 22.03 and a beta of 1.03. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.05%. National Storage Affiliates Trust's payout ratio is 133.33%.

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.