Louisiana State Employees Retirement System Invests $900,000 in National Storage Affiliates Trust (NYSE:NSA)

Louisiana State Employees Retirement System bought a new position in National Storage Affiliates Trust (NYSE:NSA) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 21,700 shares of the real estate investment trust’s stock, valued at approximately $900,000.

A number of other large investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of National Storage Affiliates Trust by 8.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,339,319 shares of the real estate investment trust’s stock worth $42,510,000 after purchasing an additional 106,395 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in National Storage Affiliates Trust by 5.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,259,860 shares of the real estate investment trust’s stock valued at $39,988,000 after acquiring an additional 64,920 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in National Storage Affiliates Trust by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 996,256 shares of the real estate investment trust’s stock valued at $31,621,000 after acquiring an additional 20,940 shares in the last quarter. TimesSquare Capital Management LLC lifted its stake in National Storage Affiliates Trust by 6.0% during the 3rd quarter. TimesSquare Capital Management LLC now owns 929,315 shares of the real estate investment trust’s stock valued at $29,496,000 after acquiring an additional 52,605 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in National Storage Affiliates Trust by 11.1% during the 3rd quarter. Invesco Ltd. now owns 545,989 shares of the real estate investment trust’s stock valued at $17,330,000 after acquiring an additional 54,431 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

National Storage Affiliates Trust Trading Down 1.7 %

NYSE NSA opened at $35.17 on Friday. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.45 and a beta of 0.85. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $42.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95. The business’s fifty day moving average is $36.93 and its 200-day moving average is $35.96.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust’s payout ratio is 149.33%.

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 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.