Cwm LLC Decreases Position in National Storage Affiliates Trust (NYSE:NSA)

Cwm LLC decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,795 shares of the real estate investment trust’s stock after selling 453 shares during the quarter. Cwm LLC’s holdings in National Storage Affiliates Trust were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NSA. Vaughan Nelson Investment Management L.P. lifted its position in National Storage Affiliates Trust by 8.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,339,319 shares of the real estate investment trust’s stock valued at $42,510,000 after purchasing an additional 106,395 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of National Storage Affiliates Trust by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,259,860 shares of the real estate investment trust’s stock worth $39,988,000 after buying an additional 64,920 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of National Storage Affiliates Trust by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 996,256 shares of the real estate investment trust’s stock worth $31,621,000 after acquiring an additional 20,940 shares during the period. TimesSquare Capital Management LLC increased its position in National Storage Affiliates Trust by 6.0% during the third quarter. TimesSquare Capital Management LLC now owns 929,315 shares of the real estate investment trust’s stock valued at $29,496,000 after acquiring an additional 52,605 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in National Storage Affiliates Trust by 11.1% in the third quarter. Invesco Ltd. now owns 545,989 shares of the real estate investment trust’s stock valued at $17,330,000 after acquiring an additional 54,431 shares during the period. Institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays assumed coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on National Storage Affiliates Trust in a report on Tuesday, January 30th. They issued a “sell” rating and a $33.00 target price on the stock. Four research 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. According to data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and an average price target of $36.60.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $36.65 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $42.54. The business has a 50-day moving average price of $36.86 and a 200-day moving average price of $36.29. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 19.19 and a beta of 0.87.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The business had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. During the same period last year, the firm posted $0.66 EPS. The company’s revenue was down 5.7% on a year-over-year basis. As a group, equities research analysts predict that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s payout ratio is currently 117.28%.

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.