State of New Jersey Common Pension Fund D Has $1.80 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

State of New Jersey Common Pension Fund D grew its holdings in National Storage Affiliates Trust (NYSE:NSA) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,449 shares of the real estate investment trust’s stock after acquiring an additional 3,863 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of National Storage Affiliates Trust worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Asset Management One Co. Ltd. lifted its holdings in shares of National Storage Affiliates Trust by 4.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 104,118 shares of the real estate investment trust’s stock worth $3,924,000 after acquiring an additional 4,843 shares during the period. Van ECK Associates Corp lifted its stake in National Storage Affiliates Trust by 16.6% during the fourth quarter. Van ECK Associates Corp now owns 13,874 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 1,975 shares during the period. Empowered Funds LLC boosted its holdings in National Storage Affiliates Trust by 9.4% during the fourth quarter. Empowered Funds LLC now owns 60,200 shares of the real estate investment trust’s stock valued at $2,282,000 after purchasing an additional 5,184 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of National Storage Affiliates Trust by 1.8% in the 4th quarter. State of Alaska Department of Revenue now owns 41,714 shares of the real estate investment trust’s stock valued at $1,580,000 after purchasing an additional 752 shares during the period. Finally, Retirement Systems of Alabama grew its stake in shares of National Storage Affiliates Trust by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after purchasing an additional 412 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 1.9 %

NYSE NSA opened at $38.86 on Wednesday. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 22.72 and a beta of 1.03. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. 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 business’s fifty day moving average is $37.43 and its 200 day moving average is $42.15.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.87%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 133.33%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Barclays dropped their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company reduced 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 report on Friday, February 21st. Finally, Robert W. Baird raised their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.