International Assets Investment Management LLC Grows Stock Position in National Storage Affiliates Trust (NYSE:NSA)

International Assets Investment Management LLC boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 4,195.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,377 shares of the real estate investment trust’s stock after acquiring an additional 8,182 shares during the quarter. International Assets Investment Management LLC’s holdings in National Storage Affiliates Trust were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Whittier Trust Co. increased its holdings in National Storage Affiliates Trust by 3,949.9% during the 4th quarter. Whittier Trust Co. now owns 126,721 shares of the real estate investment trust’s stock valued at $5,255,000 after purchasing an additional 123,592 shares during the period. Ranger Global Real Estate Advisors LLC bought a new position in shares of National Storage Affiliates Trust during the third quarter valued at approximately $3,791,000. Vaughan Nelson Investment Management L.P. boosted its holdings in National Storage Affiliates Trust by 8.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,339,319 shares of the real estate investment trust’s stock valued at $42,510,000 after acquiring an additional 106,395 shares in the last quarter. Callodine Capital Management LP boosted its holdings in National Storage Affiliates Trust by 42.6% in the third quarter. Callodine Capital Management LP now owns 228,239 shares of the real estate investment trust’s stock valued at $7,244,000 after acquiring an additional 68,239 shares in the last quarter. Finally, Allstate Corp increased its position in National Storage Affiliates Trust by 455.8% during the 3rd quarter. Allstate Corp now owns 82,576 shares of the real estate investment trust’s stock valued at $2,621,000 after purchasing an additional 67,720 shares during the period. 99.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NSA has been the topic of a number of research reports. KeyCorp raised shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 target price on the stock in a research note on Friday, January 5th. Barclays initiated coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 target price for the company. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $36.60.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $34.91 on Friday. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54. The firm’s 50-day moving average is $36.90 and its 200 day moving average is $35.99. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 23.27 and a beta of 0.85. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 annualized dividend and a dividend yield of 6.42%. National Storage Affiliates Trust’s dividend payout ratio is presently 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.