Leeward Investments LLC MA Has $13.70 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Leeward Investments LLC MA cut its holdings in National Storage Affiliates Trust (NYSE:NSA) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 330,367 shares of the real estate investment trust’s stock after selling 2,498 shares during the period. Leeward Investments LLC MA’s holdings in National Storage Affiliates Trust were worth $13,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of National Storage Affiliates Trust by 83.6% in the third 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 grew its stake in shares of 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 valued at $49,000 after buying an additional 961 shares in the last quarter. CWM LLC grew its stake in shares of National Storage Affiliates Trust by 100.9% in the third quarter. CWM LLC now owns 2,248 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 1,129 shares in the last quarter. Signaturefd LLC grew its stake in shares of National Storage Affiliates Trust by 282.3% in the third quarter. Signaturefd LLC now owns 5,841 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 4,313 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of National Storage Affiliates Trust by 39.5% in the third quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 1,709 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

National Storage Affiliates Trust Trading Down 0.7 %

NSA stock opened at $34.91 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $36.90 and a two-hundred day moving average price of $35.99. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $42.54. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 23.27 and a beta of 0.85.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.56 dividend. 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 6.42%. National Storage Affiliates Trust’s payout ratio is presently 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.