Dark Forest Capital Management LP Has $84,000 Stake in National Storage Affiliates Trust (NYSE:NSA)

Dark Forest Capital Management LP cut its holdings in National Storage Affiliates Trust (NYSE:NSA) by 27.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,019 shares of the real estate investment trust’s stock after selling 757 shares during the quarter. Dark Forest Capital Management LP’s holdings in National Storage Affiliates Trust were worth $84,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in National Storage Affiliates Trust by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,232,985 shares of the real estate investment trust’s stock valued at $51,512,000 after buying an additional 31,075 shares during the period. Wellington Management Group LLP raised its holdings in shares of National Storage Affiliates Trust by 6.3% during the first quarter. Wellington Management Group LLP now owns 836,291 shares of the real estate investment trust’s stock valued at $34,940,000 after purchasing an additional 49,389 shares during the period. First Republic Investment Management Inc. boosted its position in shares of National Storage Affiliates Trust by 46.4% during the 1st quarter. First Republic Investment Management Inc. now owns 10,668 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 3,382 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of National Storage Affiliates Trust by 2.3% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 88,010 shares of the real estate investment trust’s stock valued at $3,677,000 after buying an additional 1,950 shares during the period. Finally, Cibc World Markets Corp increased its position in National Storage Affiliates Trust by 1.0% in the 1st quarter. Cibc World Markets Corp now owns 27,481 shares of the real estate investment trust’s stock valued at $1,148,000 after buying an additional 277 shares in the last quarter. 83.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

National Storage Affiliates Trust Stock Performance

NSA stock opened at $33.64 on Friday. The firm has a market cap of $3.00 billion, a PE ratio of 32.35, a P/E/G ratio of 6.83 and a beta of 0.71. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.78. The business has a 50 day moving average of $34.00 and a 200-day moving average of $37.25. National Storage Affiliates Trust has a 12-month low of $30.91 and a 12-month high of $52.35.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 6.66%. The ex-dividend date of this dividend is Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 215.38%.

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.