National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Algert Global LLC

Algert Global LLC reduced its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 59.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,163 shares of the real estate investment trust’s stock after selling 58,472 shares during the quarter. Algert Global LLC’s holdings in National Storage Affiliates Trust were worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NSA. Quarry LP increased its holdings in National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 756 shares in the last quarter. Venturi Wealth Management LLC lifted its position in National Storage Affiliates Trust by 48.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 710 shares in the last quarter. KBC Group NV boosted its holdings in National Storage Affiliates Trust by 94.3% in the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 1,869 shares during the period. Sterling Capital Management LLC grew its position in National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust’s stock valued at $156,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NSA shares. Wells Fargo & Company lowered their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Robert W. Baird reduced their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Barclays dropped their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Finally, Mizuho assumed coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned 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 $41.28.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall bought 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.70% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.8 %

NSA stock opened at $36.63 on Friday. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 21.42 and a beta of 1.20. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44. The firm has a fifty day moving average price of $36.81 and a two-hundred day moving average price of $38.83. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. During the same quarter last year, the company earned $0.60 EPS. National Storage Affiliates Trust’s revenue was down 4.0% compared to the same quarter last year. Research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 200.00%.

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.