Cohen & Steers Inc. boosted its holdings in National Storage Affiliates Trust (NYSE:NSA – Free Report) by 145.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,161,651 shares of the real estate investment trust’s stock after acquiring an additional 1,281,337 shares during the quarter. Cohen & Steers Inc.’s holdings in National Storage Affiliates Trust were worth $60,980,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in National Storage Affiliates Trust by 38.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,225 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 615 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of National Storage Affiliates Trust by 69.2% during the 4th quarter. Advisors Asset Management Inc. now owns 4,754 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 1,945 shares in the last quarter. Fiduciary Group LLC bought a new position in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $202,000. Federation des caisses Desjardins du Quebec lifted its position in shares of National Storage Affiliates Trust by 27.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,678 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 1,216 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of National Storage Affiliates Trust by 403.4% during the 4th quarter. Jane Street Group LLC now owns 222,622 shares of the real estate investment trust’s stock worth $6,280,000 after buying an additional 178,397 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.
National Storage Affiliates Trust Stock Performance
National Storage Affiliates Trust stock opened at $45.66 on Friday. The company has a market capitalization of $3.53 billion, a PE ratio of 60.88 and a beta of 1.05. The firm has a fifty day simple moving average of $42.50 and a two-hundred day simple moving average of $35.87. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $46.47.
National Storage Affiliates Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio is 304.00%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on NSA shares. Evercore raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. BNP Paribas Exane upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective for the company in a research note on Monday, March 16th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Citigroup boosted their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Thirteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $35.97.
Read Our Latest Stock Analysis on National Storage Affiliates Trust
National Storage Affiliates Trust Company Profile
National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.
The company’s core business involves providing flexible storage solutions to both individual and commercial customers.
See Also
- Five stocks we like better than National Storage Affiliates Trust
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding NSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Storage Affiliates Trust (NYSE:NSA – Free Report).
Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.
