Daiwa Securities Group Inc. Lowers Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Daiwa Securities Group Inc. lessened its holdings in National Storage Affiliates Trust (NYSE:NSA) by 11.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,475 shares of the real estate investment trust’s stock after selling 2,974 shares during the quarter. Daiwa Securities Group Inc.’s holdings in National Storage Affiliates Trust were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NSA. Allworth Financial LP boosted its holdings in National Storage Affiliates Trust by 83.6% in the 3rd quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 377 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of National Storage Affiliates Trust by 436.8% during the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 961 shares in the last quarter. CWM LLC boosted its stake in shares of National Storage Affiliates Trust by 100.9% during the 3rd quarter. CWM LLC now owns 2,248 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 1,129 shares in the last quarter. Signaturefd LLC boosted its stake in shares of National Storage Affiliates Trust by 282.3% during the 3rd quarter. Signaturefd LLC now owns 5,841 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 4,313 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of National Storage Affiliates Trust by 39.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 1,709 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NSA shares. Deutsche Bank Aktiengesellschaft started coverage on National Storage Affiliates Trust in a research note on Tuesday, January 30th. They set a “sell” rating and a $33.00 price target on the stock. KeyCorp raised National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price target on the stock in a research note on Friday, January 5th. Truist Financial boosted their price target on National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, December 28th. Finally, Barclays started coverage on National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.60.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $35.79 on Thursday. The company has a market cap of $2.86 billion, a P/E ratio of 23.86 and a beta of 0.85. The business has a fifty day simple moving average of $36.97 and a 200-day simple moving average of $35.97. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $42.54. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 149.33%.

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 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.