Securian Asset Management Inc. Sells 509 Shares of National Storage Affiliates Trust (NYSE:NSA)

Securian Asset Management Inc. lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,520 shares of the real estate investment trust’s stock after selling 509 shares during the period. Securian Asset Management Inc.’s holdings in National Storage Affiliates Trust were worth $270,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allworth Financial LP grew its stake 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 valued at $26,000 after buying an additional 377 shares during the last quarter. Fifth Third Bancorp boosted its holdings in National Storage Affiliates Trust by 436.8% during the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 961 shares during the period. Metis Global Partners LLC bought a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $210,000. Colonial River Wealth Management LLC purchased a new position in National Storage Affiliates Trust in the 4th quarter worth approximately $220,000. Finally, Blue Trust Inc. lifted its position in National Storage Affiliates Trust by 2,584.0% in the fourth quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 5,168 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 2.7 %

Shares of NSA opened at $35.98 on Friday. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.05. The firm’s 50-day moving average price is $36.88 and its 200-day moving average price is $36.87. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 18.84 and a beta of 0.87.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The business had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. During the same period in the previous year, the firm posted $0.66 EPS. The business’s revenue was down 5.7% on a year-over-year basis. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.5 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.23%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of National Storage Affiliates Trust in a report on Tuesday, January 30th. They issued a “sell” rating and a $33.00 target price on the stock. Barclays started coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Three 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. Based on data from MarketBeat, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus price target of $36.44.

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.