Sumitomo Mitsui Trust Holdings Inc. Sells 3,712 Shares of National Storage Affiliates Trust (NYSE:NSA)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in National Storage Affiliates Trust (NYSE:NSA) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,910 shares of the real estate investment trust’s stock after selling 3,712 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in National Storage Affiliates Trust were worth $3,687,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Phocas Financial Corp. boosted its holdings in shares of National Storage Affiliates Trust by 1.8% in the 4th quarter. Phocas Financial Corp. now owns 130,989 shares of the real estate investment trust’s stock valued at $5,432,000 after buying an additional 2,307 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $488,000. Louisiana State Employees Retirement System bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $900,000. Cerity Partners LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $477,000. Finally, Charter Oak Capital Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $254,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NSA opened at $35.55 on Wednesday. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-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 firm has a market capitalization of $2.84 billion, a PE ratio of 23.70 and a beta of 0.85. The firm has a 50 day moving average of $36.97 and a two-hundred day moving average of $35.97.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 6.30%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 149.33%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial increased their price objective on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 28th. KeyCorp raised shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective for the company in a research report on Friday, January 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price objective for the company. Finally, Barclays assumed 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 for the company. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.60.

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.