Massachusetts Financial Services Co. MA Has $58.13 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Massachusetts Financial Services Co. MA lowered its position in National Storage Affiliates Trust (NYSE:NSA) by 2.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,205,944 shares of the real estate investment trust’s stock after selling 33,963 shares during the period. Massachusetts Financial Services Co. MA’s holdings in National Storage Affiliates Trust were worth $58,127,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at about $113,000. Russell Investments Group Ltd. boosted its holdings in shares of National Storage Affiliates Trust by 27.0% during the 1st quarter. Russell Investments Group Ltd. now owns 19,461 shares of the real estate investment trust’s stock worth $762,000 after buying an additional 4,139 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of National Storage Affiliates Trust by 2.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 138,504 shares of the real estate investment trust’s stock worth $5,424,000 after buying an additional 2,800 shares during the period. Quadrature Capital Ltd bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at $257,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of National Storage Affiliates Trust by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,316 shares of the real estate investment trust’s stock valued at $2,049,000 after acquiring an additional 1,290 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NSA shares. Truist Financial lifted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Barclays boosted their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Citigroup increased their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Robert W. Baird boosted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Evercore ISI upped their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Trading Up 0.4 %

NYSE NSA opened at $44.35 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The business has a fifty day simple moving average of $44.76 and a 200 day simple moving average of $42.79. National Storage Affiliates Trust has a 12 month low of $32.42 and a 12 month high of $49.44. The firm has a market capitalization of $3.38 billion, a P/E ratio of 25.94 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. During the same quarter in the previous year, the company earned $0.67 EPS. The business’s revenue was down 20.2% compared to the same quarter last year. On average, analysts predict that National Storage Affiliates Trust will post 2.4 EPS 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. Shareholders of record on Friday, December 13th will be paid a $0.57 dividend. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 annualized dividend and a yield of 5.14%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 133.33%.

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.