National Storage Affiliates Trust $NSA Position Cut by Royal Bank of Canada

Royal Bank of Canada decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 25.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,503 shares of the real estate investment trust’s stock after selling 12,463 shares during the quarter. Royal Bank of Canada’s holdings in National Storage Affiliates Trust were worth $1,378,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth about $32,000. Jones Financial Companies Lllp boosted its stake in National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the period. Goldman Sachs Group Inc. boosted its stake in National Storage Affiliates Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock valued at $3,637,000 after purchasing an additional 27,546 shares during the period. Empowered Funds LLC grew its position in National Storage Affiliates Trust by 2.0% in the 1st quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after purchasing an additional 1,209 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in National Storage Affiliates Trust by 67.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 20,906 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 8,395 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

NSA has been the topic of several analyst reports. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Evercore set a $46.00 price objective on National Storage Affiliates Trust and gave the stock a “cautious” rating in a report on Monday, July 6th. UBS Group raised their target price on National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Truist Financial lifted their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their price target on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $39.06.

National Storage Affiliates Trust Price Performance

NSA stock opened at $43.41 on Thursday. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $46.47. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03. The firm’s 50-day moving average is $44.27 and its two-hundred day moving average is $40.70. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st were paid a dividend of $0.0336 per share. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 304.00%.

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.