Allspring Global Investments Holdings LLC Sells 41,961 Shares of National Storage Affiliates Trust (NYSE:NSA)

Allspring Global Investments Holdings LLC lessened its stake in National Storage Affiliates Trust (NYSE:NSAGet Rating) by 81.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,814 shares of the real estate investment trust’s stock after selling 41,961 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National Storage Affiliates Trust were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of National Storage Affiliates Trust by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 13,004,835 shares of the real estate investment trust’s stock valued at $816,183,000 after acquiring an additional 179,504 shares during the last quarter. State Street Corp lifted its stake in shares of National Storage Affiliates Trust by 14.1% in the 1st quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock valued at $304,029,000 after acquiring an additional 598,640 shares during the last quarter. Invesco Ltd. increased its holdings in National Storage Affiliates Trust by 4.9% during the 1st quarter. Invesco Ltd. now owns 2,638,737 shares of the real estate investment trust’s stock valued at $165,608,000 after purchasing an additional 122,899 shares during the period. Thrivent Financial for Lutherans increased its holdings in National Storage Affiliates Trust by 1.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,912,834 shares of the real estate investment trust’s stock valued at $95,776,000 after purchasing an additional 29,968 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in National Storage Affiliates Trust by 3.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,348,731 shares of the real estate investment trust’s stock valued at $84,647,000 after purchasing an additional 42,770 shares during the period. Institutional investors own 85.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NSA shares. Stifel Nicolaus reduced their price target on National Storage Affiliates Trust from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, October 24th. UBS Group started coverage on National Storage Affiliates Trust in a report on Monday, October 17th. They set a “neutral” rating and a $43.00 price target on the stock. Morgan Stanley reduced their price target on National Storage Affiliates Trust from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 14th. BMO Capital Markets downgraded National Storage Affiliates Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $48.00 to $42.00 in a report on Tuesday, November 8th. Finally, Wolfe Research started coverage on National Storage Affiliates Trust in a report on Tuesday, January 17th. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus price target of $47.89.

Insider Buying and Selling

In related news, Director Mourick Mark Van purchased 1,280 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $37.85 per share, for a total transaction of $48,448.00. Following the purchase, the director now directly owns 1,280 shares of the company’s stock, valued at approximately $48,448. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Mourick Mark Van purchased 1,280 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were bought at an average price of $37.85 per share, for a total transaction of $48,448.00. Following the purchase, the director now directly owns 1,280 shares of the company’s stock, valued at approximately $48,448. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J. Timothy Warren purchased 4,680 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average price of $38.00 per share, for a total transaction of $177,840.00. Following the purchase, the director now directly owns 55,965 shares in the company, valued at $2,126,670. The disclosure for this purchase can be found here. Insiders have purchased 120,752 shares of company stock worth $4,572,615 in the last 90 days. Insiders own 11.80% of the company’s stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $38.58 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $3.51 billion, a P/E ratio of 41.04, a PEG ratio of 1.83 and a beta of 0.67. The stock’s 50 day moving average is $37.76 and its 200 day moving average is $43.90. National Storage Affiliates Trust has a twelve month low of $34.90 and a twelve month high of $67.44.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $2.20 annualized dividend and a dividend yield of 5.70%. National Storage Affiliates Trust’s payout ratio is currently 234.05%.

National Storage Affiliates Trust Profile

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National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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