Wellington Management Group LLP Purchases 49,389 Shares of National Storage Affiliates Trust (NYSE:NSA)

Wellington Management Group LLP raised its position in National Storage Affiliates Trust (NYSE:NSA) by 6.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 836,291 shares of the real estate investment trust’s stock after buying an additional 49,389 shares during the period. Wellington Management Group LLP’s holdings in National Storage Affiliates Trust were worth $34,940,000 at the end of the most recent quarter.

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

National Storage Affiliates Trust Trading Down 0.5 %

Shares of National Storage Affiliates Trust stock opened at $33.64 on Friday. National Storage Affiliates Trust has a 52 week low of $30.91 and a 52 week high of $52.35. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a 50 day moving average price of $34.00 and a two-hundred day moving average price of $37.25. The stock has a market capitalization of $3.00 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 6.83 and a beta of 0.71.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.66%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 215.38%.

Wall Street Analyst Weigh In

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

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 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.