Swedbank AB reduced its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 53.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,000 shares of the real estate investment trust's stock after selling 220,000 shares during the period. Swedbank AB owned about 0.25% of National Storage Affiliates Trust worth $7,203,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. Ritholtz Wealth Management bought a new position in shares of National Storage Affiliates Trust during the 3rd quarter valued at $696,000. Allspring Global Investments Holdings LLC grew its stake in shares of National Storage Affiliates Trust by 515.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 52,177 shares of the real estate investment trust's stock valued at $2,515,000 after buying an additional 43,698 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock worth $10,035,000 after buying an additional 197,003 shares during the period. Cerity Partners LLC lifted its stake in shares of National Storage Affiliates Trust by 35.7% in the 3rd quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust's stock valued at $2,303,000 after acquiring an additional 12,583 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in National Storage Affiliates Trust during the 2nd quarter valued at about $767,000. 99.97% of the stock is owned by hedge funds and other institutional investors.
Shares of NSA opened at $37.15 on Friday. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm's 50-day moving average price is $39.36 and its 200-day moving average price is $42.80. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 21.73 and a beta of 1.03.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The firm had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business's revenue was down 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.14%. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust's dividend payout ratio is presently 133.33%.
NSA has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Barclays lowered their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Wells Fargo & Company raised their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two research 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. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of "Hold" and a consensus price target of $43.06.
View Our Latest Analysis on NSA
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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