Yousif Capital Management LLC Has $937,000 Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Yousif Capital Management LLC cut its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,709 shares of the real estate investment trust’s stock after selling 1,098 shares during the quarter. Yousif Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in National Storage Affiliates Trust by 515.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 52,177 shares of the real estate investment trust’s stock worth $2,515,000 after acquiring an additional 43,698 shares during the period. Hancock Whitney Corp raised its position in National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock worth $10,035,000 after acquiring an additional 197,003 shares during the period. Cerity Partners LLC raised its position in National Storage Affiliates Trust by 35.7% in the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock worth $2,303,000 after acquiring an additional 12,583 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in National Storage Affiliates Trust by 385.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock worth $20,300,000 after acquiring an additional 334,445 shares during the period. Finally, JPMorgan Chase & Co. raised its position in National Storage Affiliates Trust by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust’s stock worth $15,389,000 after acquiring an additional 42,508 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Down 1.1 %

Shares of National Storage Affiliates Trust stock opened at $37.41 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average of $37.98 and a 200 day moving average of $42.36. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 21.88 and a beta of 1.03. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.09%. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NSA. Robert W. Baird boosted 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 report on Wednesday, November 6th. Barclays decreased their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company upped their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of 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 report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus target price of $43.06.

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.