National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lessened its position in National Storage Affiliates Trust (NYSE:NSA) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 906,411 shares of the real estate investment trust’s stock after selling 40,905 shares during the period. Anchor Capital Advisors LLC owned approximately 1.19% of National Storage Affiliates Trust worth $34,362,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in National Storage Affiliates Trust by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock valued at $122,301,000 after acquiring an additional 22,454 shares in the last quarter. FMR LLC raised its stake in shares of National Storage Affiliates Trust by 27.5% during the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after purchasing an additional 358,449 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock valued at $64,277,000 after purchasing an additional 4,897 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after purchasing an additional 315,474 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in National Storage Affiliates Trust by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust’s stock valued at $47,672,000 after buying an additional 43,074 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $38.99 on Friday. The company has a market capitalization of $2.97 billion, a PE ratio of 22.80 and a beta of 1.03. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a fifty day moving average of $37.37 and a 200-day moving average of $42.09. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Upgrades and Downgrades

NSA has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Barclays dropped their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company decreased their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.56.

About National Storage Affiliates Trust

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.