National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,874 shares of the real estate investment trust’s stock after purchasing an additional 1,975 shares during the quarter. Van ECK Associates Corp’s holdings in National Storage Affiliates Trust were worth $526,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in National Storage Affiliates Trust by 515.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,177 shares of the real estate investment trust’s stock valued at $2,515,000 after buying an additional 43,698 shares during the period. Hancock Whitney Corp grew its holdings in National Storage Affiliates Trust by 1,760.2% in the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock valued at $10,035,000 after buying an additional 197,003 shares during the period. Cerity Partners LLC grew its holdings in National Storage Affiliates Trust by 35.7% in the 3rd quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock valued at $2,303,000 after buying an additional 12,583 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in National Storage Affiliates Trust by 385.7% in the 3rd 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 valued at $20,300,000 after buying an additional 334,445 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in National Storage Affiliates Trust by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust’s stock valued at $15,389,000 after buying an additional 42,508 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NSA. Deutsche Bank Aktiengesellschaft upgraded 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. Barclays decreased their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Robert W. Baird boosted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $42.56.

National Storage Affiliates Trust Stock Down 0.3 %

NYSE NSA opened at $37.68 on Friday. The stock has a market cap of $2.87 billion, a PE ratio of 22.03 and a beta of 1.03. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The business has a 50 day moving average price of $37.49 and a two-hundred day moving average price of $42.17. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 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.