Vaughan Nelson Investment Management L.P. Has $49.12 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Vaughan Nelson Investment Management L.P. trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,184,404 shares of the real estate investment trust's stock after selling 154,915 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.43% of National Storage Affiliates Trust worth $49,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NSA. Raymond James Financial Services Advisors Inc. boosted its holdings in National Storage Affiliates Trust by 14.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock valued at $368,000 after purchasing an additional 746 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in National Storage Affiliates Trust by 5.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust's stock valued at $254,000 after purchasing an additional 205 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in National Storage Affiliates Trust in the first quarter valued at approximately $227,000. Bank of Montreal Can boosted its holdings in National Storage Affiliates Trust by 64.4% in the first quarter. Bank of Montreal Can now owns 36,028 shares of the real estate investment trust's stock valued at $2,298,000 after purchasing an additional 14,107 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in National Storage Affiliates Trust by 2.7% in the first quarter. Rhumbline Advisers now owns 236,485 shares of the real estate investment trust's stock valued at $14,842,000 after purchasing an additional 6,140 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial upped their price target on National Storage Affiliates Trust from $35.00 to $37.00 and gave the company a "hold" rating in a report on Thursday, December 28th. Barclays initiated coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They issued an "equal weight" rating and a $39.00 price objective for the company. StockNews.com raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a report on Saturday, December 23rd. 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 price objective for the company. Finally, Evercore ISI reissued an "underperform" rating and issued a $35.00 price objective (up from $32.00) on shares of National Storage Affiliates Trust in a report on Monday, December 11th. Five 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 stock. Based on data from MarketBeat, National Storage Affiliates Trust presently has an average rating of "Hold" and a consensus target price of $36.60.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA traded up $0.28 during mid-day trading on Friday, hitting $37.64. 581,472 shares of the company were exchanged, compared to its average volume of 852,930. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05. The stock has a 50 day simple moving average of $37.09 and a 200-day simple moving average of $35.53. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $43.28. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 25.09 and a beta of 0.85.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.95%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust's payout ratio is 149.33%.

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.