Raymond James Financial Services Advisors Inc. Sells 1,676 Shares of National Storage Affiliates Trust (NYSE:NSA)

Raymond James Financial Services Advisors Inc. decreased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,596 shares of the real estate investment trust’s stock after selling 1,676 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in National Storage Affiliates Trust were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSA. Norges Bank bought a new stake in National Storage Affiliates Trust during the 4th quarter valued at about $33,132,000. State Street Corp raised its holdings in shares of National Storage Affiliates Trust by 14.1% in the 1st 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of National Storage Affiliates Trust by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 13,004,835 shares of the real estate investment trust’s stock valued at $816,183,000 after purchasing an additional 179,504 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of National Storage Affiliates Trust by 231.2% in the 2nd quarter. Wells Fargo & Company MN now owns 234,040 shares of the real estate investment trust’s stock valued at $8,152,000 after purchasing an additional 163,379 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of National Storage Affiliates Trust by 12.4% in the 2nd quarter. Alliancebernstein L.P. now owns 1,419,222 shares of the real estate investment trust’s stock valued at $49,432,000 after purchasing an additional 156,661 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

NSA has been the subject of several recent research reports. StockNews.com upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Storage Affiliates Trust in a report on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price target for the company. KeyCorp upgraded shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price target for the company in a report on Friday, January 5th. Truist Financial lifted their price objective on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, December 28th. Finally, Barclays began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus target price of $36.60.

National Storage Affiliates Trust Stock Up 0.3 %

NYSE:NSA opened at $35.83 on Thursday. The company has a market cap of $2.87 billion, a PE ratio of 23.89 and a beta of 0.85. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $42.54. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The company’s 50 day moving average is $37.08 and its two-hundred day moving average is $35.80.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 6.25%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 149.33%.

National Storage Affiliates Trust 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 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.