National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,770 shares of the real estate investment trust’s stock after selling 6,853 shares during the quarter. Retirement Systems of Alabama’s holdings in National Storage Affiliates Trust were worth $4,013,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NSA. Commonwealth Equity Services LLC acquired a new stake in shares of National Storage Affiliates Trust during the third quarter valued at approximately $383,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of National Storage Affiliates Trust by 49.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,675 shares of the real estate investment trust’s stock valued at $624,000 after acquiring an additional 6,533 shares during the period. Raymond James & Associates raised its holdings in shares of National Storage Affiliates Trust by 5.7% during the third quarter. Raymond James & Associates now owns 205,068 shares of the real estate investment trust’s stock valued at $6,509,000 after acquiring an additional 11,121 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of National Storage Affiliates Trust by 137.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,272 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 9,993 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in National Storage Affiliates Trust by 1.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,328 shares of the real estate investment trust’s stock valued at $1,470,000 after buying an additional 673 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $36.46 on Tuesday. The company’s fifty day moving average is $36.84 and its 200-day moving average is $36.24. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $42.54. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 19.09 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $196.15 million during the quarter, compared to the consensus estimate of $191.70 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. National Storage Affiliates Trust’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. Equities analysts expect that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Analyst Ratings Changes

NSA has been the topic of several research reports. Barclays initiated coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.60.

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.