National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,367 shares of the real estate investment trust’s stock after selling 2,498 shares during the period. Leeward Investments LLC MA owned approximately 0.40% of National Storage Affiliates Trust worth $13,700,000 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. Jennison Associates LLC grew its holdings in National Storage Affiliates Trust by 3.1% during the 4th quarter. Jennison Associates LLC now owns 1,353,607 shares of the real estate investment trust’s stock valued at $56,134,000 after purchasing an additional 41,193 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in National Storage Affiliates Trust by 8.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,339,319 shares of the real estate investment trust’s stock worth $42,510,000 after acquiring an additional 106,395 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in National Storage Affiliates Trust by 5.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,259,860 shares of the real estate investment trust’s stock worth $39,988,000 after acquiring an additional 64,920 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in National Storage Affiliates Trust by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 996,256 shares of the real estate investment trust’s stock worth $31,621,000 after acquiring an additional 20,940 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in National Storage Affiliates Trust by 6.0% during the 3rd quarter. TimesSquare Capital Management LLC now owns 929,315 shares of the real estate investment trust’s stock worth $29,496,000 after acquiring an additional 52,605 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price objective for the company. Barclays began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price target on the stock. Finally, KeyCorp upgraded shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price target on the stock in a research report on Friday, January 5th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.60.

National Storage Affiliates Trust Trading Down 0.7 %

Shares of NYSE:NSA opened at $34.91 on Friday. The company has a market cap of $2.79 billion, a PE ratio of 23.27 and a beta of 0.85. The company’s 50-day moving average price is $36.90 and its 200 day moving average price is $35.99. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $42.54. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 annualized dividend and a yield of 6.42%. National Storage Affiliates Trust’s dividend payout ratio is presently 149.33%.

National Storage Affiliates Trust Company 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.