5,295 Shares in National Storage Affiliates Trust (NYSE:NSA) Purchased by Colonial River Wealth Management LLC

Colonial River Wealth Management LLC purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSAFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,295 shares of the real estate investment trust’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings 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 purchasing an additional 377 shares in the last quarter. Advisory Services Network LLC boosted its holdings in National Storage Affiliates Trust by 1,071.9% in the 1st quarter. Advisory Services Network LLC now owns 668 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 611 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in National Storage Affiliates Trust by 149.8% in the 3rd quarter. Sound Income Strategies LLC now owns 999 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 599 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in National Storage Affiliates Trust in the 1st quarter valued at approximately $48,000. Finally, Fifth Third Bancorp boosted its holdings 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 purchasing an additional 961 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 2.7 %

Shares of National Storage Affiliates Trust stock opened at $37.29 on Wednesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $43.28. The company has a market capitalization of $2.98 billion, a P/E ratio of 24.86 and a beta of 0.85. The business has a 50 day moving average price of $37.15 and a 200 day moving average price of $35.48.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.24 annualized dividend and a yield of 6.01%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 149.33%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on National Storage Affiliates Trust in a report on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price objective on the stock. Wells Fargo & Company boosted their price target on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “underweight” rating in a research note on Tuesday, December 12th. KeyCorp raised 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 note on Friday, January 5th. Evercore ISI reissued an “underperform” rating and set a $35.00 price target (up previously from $32.00) on shares of National Storage Affiliates Trust in a research note on Monday, December 11th. Finally, Barclays started coverage on National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.60.

Get Our Latest Stock Report on NSA

National Storage Affiliates Trust Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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