National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 29.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,766 shares of the real estate investment trust’s stock after buying an additional 3,128 shares during the period. Navellier & Associates Inc.’s holdings in National Storage Affiliates Trust were worth $522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NSA. Creative Planning lifted its stake in shares of National Storage Affiliates Trust by 27.3% during the third quarter. Creative Planning now owns 10,501 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 2,250 shares during the period. Raymond James & Associates lifted its position in National Storage Affiliates Trust by 9.9% during the third quarter. Raymond James & Associates now owns 299,508 shares of the real estate investment trust’s stock valued at $14,436,000 after purchasing an additional 26,878 shares during the period. Allspring Global Investments Holdings LLC lifted its position in National Storage Affiliates Trust by 515.4% during the third 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 purchasing an additional 43,698 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in National Storage Affiliates Trust by 29.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 626 shares during the period. Finally, Arkadios Wealth Advisors lifted its position in National Storage Affiliates Trust by 9.0% during the third quarter. Arkadios Wealth Advisors now owns 8,465 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 700 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NSA shares. Wells Fargo & Company decreased their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Robert W. Baird boosted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Barclays decreased 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.56.

National Storage Affiliates Trust Trading Down 0.3 %

Shares of National Storage Affiliates Trust stock opened at $37.68 on Monday. The firm has a 50-day simple moving average of $37.49 and a two-hundred day simple moving average of $42.18. The company has a market cap of $2.87 billion, a P/E 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 company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid 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 6.05%. National Storage Affiliates Trust’s dividend payout ratio is currently 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.