Crossmark Global Holdings Inc. Cuts Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Crossmark Global Holdings Inc. reduced its stake in National Storage Affiliates Trust (NYSE:NSAFree Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,327 shares of the real estate investment trust’s stock after selling 379 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in National Storage Affiliates Trust were worth $760,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Whittier Trust Co. raised its holdings in shares of National Storage Affiliates Trust by 3,949.9% in the fourth 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 last quarter. Louisiana State Employees Retirement System bought a new position in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $900,000. Heartland Advisors Inc. lifted its position in shares of National Storage Affiliates Trust by 55.0% during the 4th quarter. Heartland Advisors Inc. now owns 475,850 shares of the real estate investment trust’s stock worth $19,734,000 after buying an additional 168,825 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter worth approximately $304,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of National Storage Affiliates Trust by 39.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 26,882 shares of the real estate investment trust’s stock valued at $854,000 after acquiring an additional 7,598 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays started coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.44.

Read Our Latest Analysis on National Storage Affiliates Trust

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $38.72 on Tuesday. The company has a market capitalization of $2.90 billion, a P/E ratio of 20.27 and a beta of 0.91. The business has a fifty day simple moving average of $36.72 and a two-hundred day simple moving average of $37.35. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54.

National Storage Affiliates Trust (NYSE:NSAGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. The company had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, analysts expect that National Storage Affiliates Trust will post 2.49 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend is Friday, June 14th. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

National Storage Affiliates Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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