Daiwa Securities Group Inc. Cuts Stake in National Storage Affiliates Trust (NYSE:NSA)

Daiwa Securities Group Inc. cut its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,475 shares of the real estate investment trust’s stock after selling 2,974 shares during the period. Daiwa Securities Group Inc.’s holdings in National Storage Affiliates Trust were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NSA. Whittier Trust Co. boosted its position in shares of National Storage Affiliates Trust by 3,949.9% during the fourth quarter. Whittier Trust Co. now owns 126,721 shares of the real estate investment trust’s stock valued at $5,255,000 after buying an additional 123,592 shares during the last quarter. Ranger Global Real Estate Advisors LLC purchased a new stake in shares of National Storage Affiliates Trust during the third quarter valued at $3,791,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of National Storage Affiliates Trust by 8.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,339,319 shares of the real estate investment trust’s stock valued at $42,510,000 after buying an additional 106,395 shares during the last quarter. Callodine Capital Management LP boosted its position in shares of National Storage Affiliates Trust by 42.6% during the third quarter. Callodine Capital Management LP now owns 228,239 shares of the real estate investment trust’s stock valued at $7,244,000 after buying an additional 68,239 shares during the last quarter. Finally, Allstate Corp boosted its position in National Storage Affiliates Trust by 455.8% in the third quarter. Allstate Corp now owns 82,576 shares of the real estate investment trust’s stock worth $2,621,000 after purchasing an additional 67,720 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NSA has been the topic of several research reports. Truist Financial raised their target price on National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, December 28th. KeyCorp raised National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a research note on Friday, January 5th. Deutsche Bank Aktiengesellschaft started coverage on National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price objective on the stock. Finally, Barclays started coverage on National Storage Affiliates Trust in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average target price of $36.60.

National Storage Affiliates Trust Stock Up 0.7 %

Shares of NSA opened at $35.79 on Thursday. The business’s 50 day moving average is $36.97 and its 200 day moving average is $35.97. The company has a market capitalization of $2.86 billion, a PE ratio of 23.86 and a beta of 0.85. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $42.54. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) 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.