Johnson Investment Counsel Inc. Boosts Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Johnson Investment Counsel Inc. grew its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,539 shares of the real estate investment trust’s stock after acquiring an additional 879 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in National Storage Affiliates Trust were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of NSA. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of National Storage Affiliates Trust by 14.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,869 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 746 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of National Storage Affiliates Trust by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 205 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth about $227,000. Bank of Montreal Can boosted its holdings in shares of National Storage Affiliates Trust by 64.4% in the 1st quarter. Bank of Montreal Can now owns 36,028 shares of the real estate investment trust’s stock worth $2,298,000 after buying an additional 14,107 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of National Storage Affiliates Trust by 2.7% in the 1st quarter. Rhumbline Advisers now owns 236,485 shares of the real estate investment trust’s stock worth $14,842,000 after buying an additional 6,140 shares during the last quarter. 83.63% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Up 0.9 %

Shares of NYSE NSA opened at $33.53 on Tuesday. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $44.78. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 6.82 and a beta of 0.77. The business has a 50-day moving average of $31.44 and a 200-day moving average of $33.82.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend is Thursday, December 14th. National Storage Affiliates Trust’s payout ratio is 205.51%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NSA shares. Citigroup cut their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, August 24th. Morgan Stanley lowered their price objective on National Storage Affiliates Trust from $42.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 21st. Stifel Nicolaus cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $47.00 to $35.00 in a research note on Tuesday, August 8th. StockNews.com initiated coverage on National Storage Affiliates Trust in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $34.00 to $32.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and an average price target of $36.14.

About National Storage Affiliates Trust

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 September 30, 2023, the Company held ownership interests in and operated 1,119 self storage properties located in 42 states and Puerto Rico with approximately 73.0 million rentable square feet.