National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC decreased its position in National Storage Affiliates Trust (NYSE:NSA) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,290 shares of the real estate investment trust’s stock after selling 1,041 shares during the quarter. Pasadena Private Wealth LLC’s holdings in National Storage Affiliates Trust were worth $997,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NSA. Thrivent Financial for Lutherans increased its position in National Storage Affiliates Trust by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock worth $122,301,000 after buying an additional 22,454 shares during the period. FMR LLC increased its holdings in shares of National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after acquiring an additional 358,449 shares during the period. Geode Capital Management LLC lifted its position in National Storage Affiliates Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock valued at $64,277,000 after purchasing an additional 4,897 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in National Storage Affiliates Trust by 39.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after purchasing an additional 315,474 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in National Storage Affiliates Trust by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust’s stock valued at $47,672,000 after purchasing an additional 43,074 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NSA. Robert W. Baird raised their price target 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. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Barclays reduced their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.06.

National Storage Affiliates Trust Trading Up 0.8 %

Shares of NSA stock opened at $37.69 on Wednesday. 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 has a 50-day simple moving average of $37.86 and a 200 day simple moving average of $42.31. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The stock has a market capitalization of $2.87 billion, a P/E ratio of 22.04 and a beta of 1.03.

National Storage Affiliates Trust Dividend Announcement

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

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.