Raymond James Financial Services Advisors Inc. Sells 1,676 Shares of National Storage Affiliates Trust (NYSE:NSA)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,596 shares of the real estate investment trust’s stock after selling 1,676 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in National Storage Affiliates Trust were worth $647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSA. Cambridge Investment Research Advisors Inc. raised its stake in shares of National Storage Affiliates Trust by 5.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 205 shares during the last quarter. AlphaCrest Capital Management LLC bought a new position in National Storage Affiliates Trust in the first quarter worth about $227,000. Bank of Montreal Can raised its stake in National Storage Affiliates Trust by 64.4% in the first quarter. Bank of Montreal Can now owns 36,028 shares of the real estate investment trust’s stock worth $2,298,000 after buying an additional 14,107 shares in the last quarter. Rhumbline Advisers raised its stake in National Storage Affiliates Trust by 2.7% in the first quarter. Rhumbline Advisers now owns 236,485 shares of the real estate investment trust’s stock worth $14,842,000 after buying an additional 6,140 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in National Storage Affiliates Trust by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,031 shares of the real estate investment trust’s stock worth $1,885,000 after buying an additional 2,863 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Trading Up 0.3 %

NYSE:NSA opened at $35.83 on Thursday. The company’s 50 day moving average price is $37.08 and its 200-day moving average price is $35.80. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $42.54. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 23.89 and a beta of 0.85.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s payout ratio is 149.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NSA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price target for the company. Barclays assumed 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. Truist Financial upped their price objective on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, December 28th. KeyCorp upgraded shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a report on Friday, January 5th. Finally, StockNews.com upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.60.

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.