National Storage Affiliates Trust (NYSE:NSA) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,586 shares of the real estate investment trust’s stock after selling 9,451 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of National Storage Affiliates Trust worth $2,101,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pasadena Private Wealth LLC increased its position in National Storage Affiliates Trust by 0.9% during the 2nd quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock worth $1,186,000 after purchasing an additional 255 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock worth $386,000 after acquiring an additional 257 shares in the last quarter. SPC Financial Inc. increased its position in shares of National Storage Affiliates Trust by 4.8% in the second quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 300 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in shares of National Storage Affiliates Trust by 1.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock valued at $928,000 after acquiring an additional 339 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of National Storage Affiliates Trust by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 354 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

Shares of NSA stock opened at $43.14 on Friday. The firm has a market cap of $3.29 billion, a P/E ratio of 25.23 and a beta of 0.99. The firm has a fifty day moving average of $45.14 and a two-hundred day moving average of $42.40. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 1-year low of $32.42 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was down 20.2% compared to the same quarter last year. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.29%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

Wall Street Analysts Forecast Growth

NSA has been the topic of several research reports. Jefferies Financial Group raised their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Robert W. Baird boosted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Truist Financial increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, August 16th. KeyCorp cut shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Finally, Wells Fargo & Company lifted their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.17.

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.