11,508 Shares in National Storage Affiliates Trust (NYSE:NSA) Acquired by Cerity Partners LLC

Cerity Partners LLC bought a new stake in National Storage Affiliates Trust (NYSE:NSA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,508 shares of the real estate investment trust’s stock, valued at approximately $477,000.

Several other large investors have also recently added to or reduced their stakes in NSA. Allworth Financial LP increased its position in National Storage Affiliates Trust by 83.6% in the 3rd quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 377 shares during the period. Fifth Third Bancorp increased its position in National Storage Affiliates Trust by 436.8% in the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 961 shares during the period. CWM LLC increased its position in National Storage Affiliates Trust by 100.9% in the 3rd quarter. CWM LLC now owns 2,248 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,129 shares during the period. Signaturefd LLC increased its position in National Storage Affiliates Trust by 282.3% in the 3rd quarter. Signaturefd LLC now owns 5,841 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 4,313 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in National Storage Affiliates Trust by 39.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 1,709 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on NSA. Truist Financial lifted their price target on National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 28th. KeyCorp upgraded 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. Deutsche Bank Aktiengesellschaft began coverage on National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price target on the stock. Finally, Barclays began coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target on the stock. Four equities 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $36.60.

National Storage Affiliates Trust Stock Performance

NSA opened at $35.17 on Friday. The firm has a market cap of $2.81 billion, a PE ratio of 23.45 and a beta of 0.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05. The business has a fifty day simple moving average of $36.93 and a 200-day simple moving average of $35.96. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $42.54.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 149.33%.

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.