National Storage Affiliates Trust (NYSE:NSA) Position Boosted by Texas Permanent School Fund Corp

Posted by Defense World Staff on Jul 27th, 2023

Texas Permanent School Fund Corp grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA – Free Report) by 27.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,766 shares of the real estate investment trust’s stock after purchasing an additional 15,784 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of National Storage Affiliates Trust worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NSA. Mendota Financial Group LLC purchased a new stake in National Storage Affiliates Trust during the fourth quarter valued at about $29,000. Fifth Third Bancorp lifted its position in shares of National Storage Affiliates Trust by 194.8% in the first quarter. Fifth Third Bancorp now owns 737 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 487 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of National Storage Affiliates Trust in the fourth quarter worth approximately $42,000. Point72 Hong Kong Ltd purchased a new stake in shares of National Storage Affiliates Trust in the first quarter worth approximately $48,000. Finally, Kistler Tiffany Companies LLC purchased a new stake in shares of National Storage Affiliates Trust in the fourth quarter worth approximately $54,000. Institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NSA. Truist Financial reduced their price target on shares of National Storage Affiliates Trust from $44.00 to $40.00 in a research report on Thursday, June 15th. Bank of America lowered shares of National Storage Affiliates Trust from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $48.00 to $38.00 in a research report on Monday, May 8th. Wolfe Research lowered shares of National Storage Affiliates Trust from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, April 12th. StockNews.com initiated coverage on shares of National Storage Affiliates Trust in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company initiated coverage on National Storage Affiliates Trust in a report on Thursday, June 15th. They set an “underweight” rating and a $36.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.30.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, insider Arlen Dale Nordhagen purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was acquired at an average cost of $36.92 per share, with a total value of $923,000.00. Following the completion of the acquisition, the insider now directly owns 4,012,684 shares of the company’s stock, valued at approximately $148,148,293.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.6 %

NSA opened at $34.58 on Thursday. The company has a market capitalization of $3.05 billion, a P/E ratio of 34.58, a P/E/G ratio of 6.76 and a beta of 0.69. The firm’s fifty day moving average price is $35.95 and its two-hundred day moving average price is $38.75. National Storage Affiliates Trust has a fifty-two week low of $33.72 and a fifty-two week high of $58.31. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.66 and a quick ratio of 0.66.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.48%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 224.00%.

National Storage Affiliates Trust Company Profile

(Free Report)

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 March 31, 2023, the Company held ownership interests in and operated 1,117 self storage properties located in 42 states and Puerto Rico with approximately 72.8 million rentable square feet.