Allspring Global Investments Holdings LLC Sells 37,570 Shares of National Storage Affiliates Trust (NYSE:NSA)

Allspring Global Investments Holdings LLC cut its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 72.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,607 shares of the real estate investment trust’s stock after selling 37,570 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National Storage Affiliates Trust were worth $546,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust during the third quarter valued at approximately $25,000. Versant Capital Management Inc boosted its position in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth $29,000. Bellevue Asset Management LLC purchased a new position in National Storage Affiliates Trust in the 3rd quarter worth $39,000. Finally, Venturi Wealth Management LLC raised its stake in National Storage Affiliates Trust by 514.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,215 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NSA. Robert W. Baird lifted their price objective on 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. Barclays lowered their price objective on 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday. Two 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, the stock presently has an average rating of “Hold” and an average target price of $42.56.

National Storage Affiliates Trust Stock Up 1.0 %

NYSE:NSA opened at $38.10 on Tuesday. 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’s fifty day moving average is $37.43 and its two-hundred day moving average is $42.15. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 22.28 and a beta of 1.03.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 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.