Retirement Systems of Alabama Increases Holdings in National Storage Affiliates Trust (NYSE:NSA)

Retirement Systems of Alabama raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 85,289 shares of the real estate investment trust’s stock after buying an additional 412 shares during the quarter. Retirement Systems of Alabama’s holdings in National Storage Affiliates Trust were worth $3,233,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new position in National Storage Affiliates Trust during the third quarter valued at $25,000. Ashton Thomas Securities LLC purchased a new position in National Storage Affiliates Trust during the third quarter valued at $29,000. Versant Capital Management Inc increased its holdings in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Bellevue Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth $39,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of National Storage Affiliates Trust by 514.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $37.85 on Wednesday. The stock’s 50-day simple moving average is $38.43 and its 200-day simple moving average is $42.51. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 22.13 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.57 dividend. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

Analysts Set New Price Targets

NSA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. 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 lifted their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Finally, Robert W. Baird lifted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus price target of $43.06.

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.