National Storage Affiliates Trust (NYSE:NSA) Holdings Decreased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 906,411 shares of the real estate investment trust’s stock after selling 40,905 shares during the period. Anchor Capital Advisors LLC’s holdings in National Storage Affiliates Trust were worth $34,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NSA. Versor Investments LP increased its holdings in shares of National Storage Affiliates Trust by 73.9% in the 4th quarter. Versor Investments LP now owns 8,000 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 3,400 shares during the period. Proficio Capital Partners LLC acquired a new position in National Storage Affiliates Trust in the 4th quarter valued at approximately $795,000. Oppenheimer & Co. Inc. lifted its position in National Storage Affiliates Trust by 54.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 11,128 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 3,935 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in National Storage Affiliates Trust by 9.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock worth $3,406,000 after buying an additional 7,655 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of National Storage Affiliates Trust by 2.5% during the 4th quarter. Amalgamated Bank now owns 33,356 shares of the real estate investment trust’s stock valued at $1,265,000 after buying an additional 822 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NSA has been the subject of several recent research reports. Barclays cut their price objective 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. Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two 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 has a consensus rating of “Hold” and a consensus target price of $42.56.

National Storage Affiliates Trust Stock Performance

NSA opened at $38.99 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2.97 billion, a PE ratio of 22.80 and a beta of 1.03. The stock has a 50-day moving average of $37.37 and a 200-day moving average of $42.09. National Storage Affiliates Trust has a 52-week low of $34.50 and a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

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 paid 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 5.85%. National Storage Affiliates Trust’s payout ratio is presently 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.