Pekin Hardy Strauss Inc. Sells 3,550 Shares of National Storage Affiliates Trust (NYSE:NSA)

Pekin Hardy Strauss Inc. lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 36.0% in the 4th quarter, HoldingsChannel reports. The fund owned 6,305 shares of the real estate investment trust’s stock after selling 3,550 shares during the period. Pekin Hardy Strauss Inc.’s holdings in National Storage Affiliates Trust were worth $261,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of National Storage Affiliates Trust by 83.6% in the 3rd quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 377 shares during the last quarter. Fifth Third Bancorp lifted its position in National Storage Affiliates Trust by 436.8% in the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 961 shares during the last quarter. CWM LLC boosted its stake in National Storage Affiliates Trust by 100.9% during the third quarter. CWM LLC now owns 2,248 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 1,129 shares during the period. Colonial River Wealth Management LLC bought a new position in National Storage Affiliates Trust during the fourth quarter valued at $220,000. Finally, Blue Trust Inc. raised its stake in shares of National Storage Affiliates Trust by 2,584.0% in the fourth quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 5,168 shares during the period. 99.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $35.55 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average price of $36.82 and a 200-day moving average price of $36.11. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $42.54. The stock has a market capitalization of $2.84 billion, a PE ratio of 23.70 and a beta of 0.87.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.56 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.30%. National Storage Affiliates Trust’s dividend payout ratio is currently 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.