Allspring Global Investments Holdings LLC Has $2.52 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Allspring Global Investments Holdings LLC raised its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 515.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,177 shares of the real estate investment trust’s stock after purchasing an additional 43,698 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of National Storage Affiliates Trust worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Swedbank AB acquired a new position in National Storage Affiliates Trust in the first quarter valued at approximately $16,056,000. Long Pond Capital LP bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $16,198,000. Ontario Teachers Pension Plan Board lifted its stake in shares of National Storage Affiliates Trust by 94.0% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 244,300 shares of the real estate investment trust’s stock valued at $9,567,000 after purchasing an additional 118,341 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of National Storage Affiliates Trust in the 2nd quarter worth $4,534,000. Finally, Leeward Investments LLC MA grew its stake in shares of National Storage Affiliates Trust by 30.9% during the second quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock worth $17,095,000 after purchasing an additional 97,786 shares during the period. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 1.3 %

National Storage Affiliates Trust stock opened at $42.48 on Wednesday. The company has a 50 day moving average of $45.94 and a 200-day moving average of $41.86. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $49.44. The stock has a market capitalization of $3.18 billion, a PE ratio of 23.77 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company had revenue of $190.50 million during the quarter, compared to analyst estimates of $186.37 million. During the same period in the previous year, the company posted $0.68 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts anticipate that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 125.14%.

Wall Street Analyst Weigh In

NSA has been the topic of several analyst reports. KeyCorp lowered National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Jefferies Financial Group increased their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Truist Financial lifted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Company upped their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. Finally, Robert W. Baird lifted their price target on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Three 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $42.83.

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.