State Street Corp Reduces Stake in National Storage Affiliates Trust (NYSE:NSA)

State Street Corp lessened its stake in National Storage Affiliates Trust (NYSE:NSA) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,711,400 shares of the real estate investment trust’s stock after selling 73,396 shares during the quarter. State Street Corp owned approximately 4.87% of National Storage Affiliates Trust worth $178,889,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cetera Advisors LLC purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at $255,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of National Storage Affiliates Trust by 19.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,752 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 1,280 shares in the last quarter. Raymond James & Associates raised its position in shares of National Storage Affiliates Trust by 1.0% in the second quarter. Raymond James & Associates now owns 272,630 shares of the real estate investment trust’s stock valued at $11,238,000 after purchasing an additional 2,666 shares during the period. Leeward Investments LLC MA lifted its stake in shares of National Storage Affiliates Trust by 30.9% during the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after buying an additional 97,786 shares in the last quarter. Finally, Pasadena Private Wealth LLC boosted its holdings in National Storage Affiliates Trust by 0.9% in the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock worth $1,186,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

NSA has been the topic of several recent research reports. Truist Financial increased their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Wells Fargo & Company lifted their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Robert W. Baird boosted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Barclays increased their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Trading Up 0.1 %

NYSE NSA opened at $42.29 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock’s 50-day simple moving average is $43.64 and its two-hundred day simple moving average is $43.42. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 24.73 and a beta of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business’s quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. Research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 5.39%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 133.33%.

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.