National Storage Affiliates Trust (NYSE:NSA) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 284,735 shares of the real estate investment trust’s stock after acquiring an additional 2,740 shares during the period. Wedge Capital Management L L P NC’s holdings in National Storage Affiliates Trust were worth $11,808,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NSA. Jennison Associates LLC grew its holdings in National Storage Affiliates Trust by 3.1% in the 4th quarter. Jennison Associates LLC now owns 1,353,607 shares of the real estate investment trust’s stock worth $56,134,000 after buying an additional 41,193 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in National Storage Affiliates Trust by 2.1% in the 4th quarter. Handelsbanken Fonder AB now owns 14,816 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 300 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of National Storage Affiliates Trust by 96.6% in the fourth quarter. Federated Hermes Inc. now owns 12,711 shares of the real estate investment trust’s stock valued at $527,000 after buying an additional 6,245 shares in the last quarter. Phocas Financial Corp. raised its position in shares of National Storage Affiliates Trust by 1.8% in the fourth quarter. Phocas Financial Corp. now owns 130,989 shares of the real estate investment trust’s stock valued at $5,432,000 after purchasing an additional 2,307 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in National Storage Affiliates Trust during the 4th quarter valued at $488,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock traded up $0.23 during trading hours on Tuesday, reaching $35.67. 84,588 shares of the company’s stock were exchanged, compared to its average volume of 806,665. The company has a market capitalization of $2.85 billion, a P/E ratio of 23.63 and a beta of 0.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54. The business has a fifty day moving average of $36.98 and a two-hundred day moving average of $35.93.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.28%. National Storage Affiliates Trust’s payout ratio is currently 149.33%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, January 30th. They set a “sell” rating and a $33.00 price objective for the company. Barclays started coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price on the stock. KeyCorp raised National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a research note on Friday, January 5th. Finally, Truist Financial lifted their target price on National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, December 28th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.60.

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.