Wolverine Asset Management LLC Sells 2,413 Shares of National Storage Affiliates Trust (NYSE:NSA)

Wolverine Asset Management LLC reduced its holdings in National Storage Affiliates Trust (NYSE:NSA) by 50.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,380 shares of the real estate investment trust’s stock after selling 2,413 shares during the quarter. Wolverine Asset Management LLC’s holdings in National Storage Affiliates Trust were worth $90,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new stake in shares of National Storage Affiliates Trust in the third quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of National Storage Affiliates Trust in the third quarter worth about $29,000. Versant Capital Management Inc increased its holdings in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares in the last quarter. Bellevue Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust in the third quarter worth about $39,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of National Storage Affiliates Trust by 514.8% in the third quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,215 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Robert W. Baird increased their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Barclays reduced their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.56.

National Storage Affiliates Trust Stock Performance

NSA opened at $38.10 on Tuesday. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 22.28 and a beta of 1.03. The business has a 50 day moving average of $37.43 and a 200-day moving average of $42.15. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.99%. National Storage Affiliates Trust’s payout ratio is 133.33%.

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.