Wolverine Asset Management LLC Has $90,000 Position in National Storage Affiliates Trust (NYSE:NSA)

Wolverine Asset Management LLC lowered its holdings in National Storage Affiliates Trust (NYSE:NSA) by 50.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,380 shares of the real estate investment trust’s stock after selling 2,413 shares during the quarter. Wolverine Asset Management LLC’s holdings in National Storage Affiliates Trust were worth $90,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in National Storage Affiliates Trust by 515.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 52,177 shares of the real estate investment trust’s stock worth $2,515,000 after purchasing an additional 43,698 shares in the last quarter. Hancock Whitney Corp boosted its stake in National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock worth $10,035,000 after purchasing an additional 197,003 shares in the last quarter. Cerity Partners LLC boosted its stake in National Storage Affiliates Trust by 35.7% in the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock worth $2,303,000 after purchasing an additional 12,583 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in National Storage Affiliates Trust by 385.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock worth $20,300,000 after purchasing an additional 334,445 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in National Storage Affiliates Trust by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust’s stock worth $15,389,000 after purchasing an additional 42,508 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 1.0 %

NYSE:NSA opened at $38.10 on Tuesday. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44. The business’s 50-day moving average price is $37.43 and its two-hundred day moving average price is $42.15. 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 firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 22.28 and a beta of 1.03.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NSA. Barclays cut their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Robert W. Baird upped their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average price target of $42.56.

National Storage Affiliates Trust Company 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.