National Storage Affiliates Trust (NYSE:NSA) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,841 shares of the real estate investment trust’s stock after purchasing an additional 1,874 shares during the quarter. Cerity Partners LLC’s holdings in National Storage Affiliates Trust were worth $829,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NSA. Norges Bank acquired a new position in National Storage Affiliates Trust during the fourth quarter worth $33,132,000. State Street Corp raised its holdings in National Storage Affiliates Trust by 14.1% during the first quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock worth $304,029,000 after purchasing an additional 598,640 shares during the last quarter. LPL Financial LLC raised its holdings in National Storage Affiliates Trust by 791.9% during the first quarter. LPL Financial LLC now owns 452,524 shares of the real estate investment trust’s stock worth $18,906,000 after purchasing an additional 401,787 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth $9,771,000. Finally, GW&K Investment Management LLC raised its holdings in shares of National Storage Affiliates Trust by 41.5% in the first quarter. GW&K Investment Management LLC now owns 784,627 shares of the real estate investment trust’s stock worth $32,781,000 after acquiring an additional 230,038 shares during the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

NSA stock opened at $33.96 on Monday. The stock has a 50-day moving average price of $34.06 and a two-hundred day moving average price of $37.42. National Storage Affiliates Trust has a 12-month low of $30.91 and a 12-month high of $52.53. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.78. The company has a market cap of $3.03 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 6.89 and a beta of 0.71.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 215.39%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup cut their price target on National Storage Affiliates Trust from $41.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, August 24th. StockNews.com assumed coverage on National Storage Affiliates Trust in a report on Thursday, August 17th. They issued a “hold” rating for the company. Stifel Nicolaus cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $47.00 to $35.00 in a report on Tuesday, August 8th. Truist Financial cut their price target on National Storage Affiliates Trust from $40.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, August 29th. Finally, Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $36.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $40.60.

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 June 30, 2023, the Company held ownership interests in and operated 1,117 self storage properties located in 42 states and Puerto Rico with approximately 72.8 million rentable square feet.