Vancity Investment Management Ltd Invests $764,000 in National Storage Affiliates Trust (NYSE:NSA)

Vancity Investment Management Ltd acquired a new position in shares of National Storage Affiliates Trust (NYSE:NSA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,285 shares of the real estate investment trust’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its holdings in 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 worth $254,000 after purchasing an additional 205 shares in the last quarter. Cibc World Markets Corp raised its holdings in National Storage Affiliates Trust by 1.0% during the first quarter. Cibc World Markets Corp now owns 27,481 shares of the real estate investment trust’s stock worth $1,148,000 after purchasing an additional 277 shares in the last quarter. Mackenzie Financial Corp raised its holdings in National Storage Affiliates Trust by 2.2% during the first quarter. Mackenzie Financial Corp now owns 13,731 shares of the real estate investment trust’s stock worth $862,000 after purchasing an additional 300 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in National Storage Affiliates Trust by 0.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 69,882 shares of the real estate investment trust’s stock worth $2,524,000 after purchasing an additional 329 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in National Storage Affiliates Trust by 0.8% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 53,352 shares of the real estate investment trust’s stock worth $2,229,000 after purchasing an additional 407 shares in the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Up 1.0 %

National Storage Affiliates Trust stock opened at $33.98 on Friday. The company’s fifty day simple moving average is $33.98 and its 200-day simple moving average is $37.20. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 1.78. National Storage Affiliates Trust has a 12 month low of $30.91 and a 12 month high of $51.97. The stock has a market cap of $3.03 billion, a P/E ratio of 32.67, a P/E/G ratio of 6.85 and a beta of 0.71.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 215.39%.

Analyst Ratings Changes

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