Leeward Investments LLC MA Lowers Position in National Storage Affiliates Trust (NYSE:NSA)

Leeward Investments LLC MA trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA) by 7.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 384,233 shares of the real estate investment trust’s stock after selling 28,860 shares during the period. Leeward Investments LLC MA owned about 0.50% of National Storage Affiliates Trust worth $14,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at about $29,000. Versant Capital Management Inc lifted its position in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 514 shares in the last quarter. Bellevue Asset Management LLC purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at about $39,000. Finally, Venturi Wealth Management LLC lifted its position in shares of National Storage Affiliates Trust by 514.8% in the third quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,215 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Down 0.3 %

Shares of NYSE NSA opened at $37.68 on Friday. The business’s 50 day moving average is $37.49 and its two-hundred day moving average is $42.17. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44. The stock has a market capitalization of $2.87 billion, a P/E ratio of 22.03 and a beta of 1.03.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.05%. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

Analysts Set New Price Targets

NSA has been the topic of several research analyst reports. Barclays lowered their price objective on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company decreased their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Robert W. Baird boosted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Two equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.56.

About National Storage Affiliates Trust

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.