National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 27.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,014 shares of the real estate investment trust’s stock after selling 750 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in National Storage Affiliates Trust were worth $76,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Loomis Sayles & Co. L P purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth about $25,000. Versant Capital Management Inc increased its position 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 valued at $28,000 after buying an additional 514 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter valued at approximately $29,000. Bellevue Asset Management LLC purchased a new stake in National Storage Affiliates Trust in the 3rd quarter worth $39,000. Finally, Venturi Wealth Management LLC raised its position in National Storage Affiliates Trust by 514.8% during the third 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 period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Barclays dropped 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 research report on Monday, January 13th. Wells Fargo & Company boosted their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Robert W. Baird raised their target price on 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Two equities 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.06.

National Storage Affiliates Trust Trading Down 1.1 %

NSA opened at $37.41 on Friday. The stock has a market capitalization of $2.85 billion, a PE ratio of 21.88 and a beta of 1.03. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50 day moving average price is $37.98 and its 200 day moving average price is $42.36.

National Storage Affiliates Trust Announces Dividend

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

National Storage Affiliates Trust Company 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.