Sumitomo Mitsui Trust Holdings Inc. Cuts Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,910 shares of the real estate investment trust’s stock after selling 3,712 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.11% of National Storage Affiliates Trust worth $3,687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in 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 worth $26,000 after purchasing an additional 377 shares during the last quarter. Fifth Third Bancorp boosted its holdings 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 purchasing an additional 961 shares during the last quarter. CWM LLC boosted its holdings in 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 worth $71,000 after purchasing an additional 1,129 shares during the last quarter. Colonial River Wealth Management LLC purchased a new stake in National Storage Affiliates Trust in the fourth quarter worth approximately $220,000. Finally, Blue Trust Inc. boosted its holdings in 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 worth $223,000 after purchasing an additional 5,168 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

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

National Storage Affiliates Trust Stock Up 0.3 %

Shares of NSA stock opened at $35.55 on Wednesday. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 23.70 and a beta of 0.85. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $42.54. The company’s fifty day moving average price is $36.97 and its 200-day moving average price is $35.97. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 6.30%. National Storage Affiliates Trust’s payout ratio is 149.33%.

About National Storage Affiliates Trust

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.