Asset Management One Co. Ltd. Has $5.01 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Asset Management One Co. Ltd. cut its position in National Storage Affiliates Trust (NYSE:NSA) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,025 shares of the real estate investment trust’s stock after selling 10,208 shares during the period. Asset Management One Co. Ltd. owned 0.14% of National Storage Affiliates Trust worth $5,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in shares of National Storage Affiliates Trust by 1,071.9% during the first quarter. Advisory Services Network LLC now owns 668 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 611 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of National Storage Affiliates Trust during the first quarter worth approximately $48,000. Allworth Financial LP lifted its position in shares of National Storage Affiliates Trust by 83.6% during the third quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 377 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of National Storage Affiliates Trust by 149.8% during the third quarter. Sound Income Strategies LLC now owns 999 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 599 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of National Storage Affiliates Trust by 436.8% during the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 961 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Down 6.8 %

Shares of NYSE:NSA opened at $37.47 on Thursday. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $43.28. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $3.00 billion, a PE ratio of 24.98 and a beta of 0.85. The company has a 50 day moving average price of $37.13 and a two-hundred day moving average price of $35.64.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.98%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust’s payout ratio is presently 149.33%.

Analyst Ratings Changes

NSA has been the topic of a number of research reports. StockNews.com upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 23rd. KeyCorp upgraded shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 target price on the stock in a research report on Friday, January 5th. Truist Financial increased their price objective on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, December 28th. Barclays began coverage on shares of National Storage Affiliates Trust in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of National Storage Affiliates Trust in a report on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus price target of $36.60.

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.