Zurcher Kantonalbank Zurich Cantonalbank Sells 14,569 Shares of National Storage Affiliates Trust (NYSE:NSA)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in National Storage Affiliates Trust (NYSE:NSA) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,759 shares of the real estate investment trust’s stock after selling 14,569 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in National Storage Affiliates Trust were worth $1,317,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Phocas Financial Corp. boosted its position 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 in the last quarter. Lecap Asset Management Ltd. bought a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $488,000. Louisiana State Employees Retirement System bought a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $900,000. Cerity Partners LLC bought a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $477,000. Finally, Charter Oak Capital Management LLC bought a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $254,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Down 0.7 %

Shares of NSA stock opened at $34.91 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. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54. The firm’s fifty day moving average price is $36.90 and its two-hundred day moving average price is $35.99. The firm has a market capitalization of $2.79 billion, a P/E ratio of 23.27 and a beta of 0.85.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.56 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.24 annualized dividend and a dividend yield of 6.42%. National Storage Affiliates Trust’s dividend payout ratio is presently 149.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price target 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 price objective on the stock in a research report on Friday, January 5th. Finally, Barclays initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective on the stock. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.