New York State Teachers Retirement System Lowers Stake in National Storage Affiliates Trust (NYSE:NSA)

New York State Teachers Retirement System lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,361 shares of the real estate investment trust’s stock after selling 6,395 shares during the quarter. New York State Teachers Retirement System owned 0.12% of National Storage Affiliates Trust worth $3,501,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 257 shares in the last quarter. US Bancorp DE lifted its holdings in shares of National Storage Affiliates Trust by 13.3% in the third quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 360 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of National Storage Affiliates Trust by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock worth $3,233,000 after buying an additional 412 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 worth $28,000 after buying an additional 514 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust during the third quarter valued at $25,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.3 %

NSA stock opened at $37.68 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 22.03 and a beta of 1.03. The firm’s fifty day simple moving average is $37.49 and its two-hundred day simple moving average is $42.18.

National Storage Affiliates Trust Announces Dividend

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

Analyst Ratings Changes

NSA has been the topic of a number of recent research reports. Robert W. Baird upped 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. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday. Barclays decreased their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average target price of $42.56.

National Storage Affiliates Trust Profile

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.