Wolverine Asset Management LLC Purchases Shares of 7,327 National Storage Affiliates Trust (NYSE:NSA)

Wolverine Asset Management LLC purchased a new stake in National Storage Affiliates Trust (NYSE:NSA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,327 shares of the real estate investment trust’s stock, valued at approximately $304,000.

Several other hedge funds also recently made changes to their positions in the business. Wedge Capital Management L L P NC increased its holdings in shares of National Storage Affiliates Trust by 1.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 284,735 shares of the real estate investment trust’s stock worth $11,808,000 after purchasing an additional 2,740 shares during the period. Jennison Associates LLC increased its holdings in shares of National Storage Affiliates Trust by 3.1% during the fourth quarter. Jennison Associates LLC now owns 1,353,607 shares of the real estate investment trust’s stock worth $56,134,000 after purchasing an additional 41,193 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of National Storage Affiliates Trust by 2.1% during the fourth quarter. Handelsbanken Fonder AB now owns 14,816 shares of the real estate investment trust’s stock worth $614,000 after purchasing an additional 300 shares during the period. Federated Hermes Inc. increased its holdings in shares of National Storage Affiliates Trust by 96.6% during the fourth quarter. Federated Hermes Inc. now owns 12,711 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 6,245 shares during the period. Finally, Phocas Financial Corp. increased its holdings in shares of National Storage Affiliates Trust by 1.8% during the fourth quarter. Phocas Financial Corp. now owns 130,989 shares of the real estate investment trust’s stock worth $5,432,000 after purchasing an additional 2,307 shares during the period. 99.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NSA. Deutsche Bank Aktiengesellschaft began coverage on shares of National Storage Affiliates Trust in a report on Tuesday, January 30th. They set a “sell” rating and a $33.00 target price 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 target price on the stock in a report on Friday, January 5th. Finally, Barclays started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price on the stock. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.60.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $34.92 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.28 and a beta of 0.85. The firm’s 50 day simple moving average is $36.90 and its 200 day simple moving average is $36.02. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54.

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 given a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.41%. National Storage Affiliates Trust’s dividend payout ratio is currently 149.33%.

National Storage Affiliates Trust 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.