Alliancebernstein L.P. Sells 239,524 Shares of National Storage Affiliates Trust (NYSE:NSA)

Alliancebernstein L.P. reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 726,165 shares of the real estate investment trust's stock after selling 239,524 shares during the period. Alliancebernstein L.P. owned 0.95% of National Storage Affiliates Trust worth $27,529,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 514 shares during the period. Venturi Wealth Management LLC raised its position in shares of 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 valued at $82,000 after purchasing an additional 710 shares during the period. KBC Group NV raised its position in shares of National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 1,869 shares during the period. Virtu Financial LLC purchased a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at $210,000. Finally, Johnson & White Wealth Management LLC bought a new position in National Storage Affiliates Trust in the 4th quarter worth $228,000. 99.97% of the stock is currently owned by institutional investors.

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Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.00% of the company's stock.

National Storage Affiliates Trust Trading Up 2.5 %

NSA stock traded up $0.84 during trading on Friday, hitting $34.48. The company had a trading volume of 1,116,822 shares, compared to its average volume of 658,161. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The company has a 50 day simple moving average of $37.42 and a 200-day simple moving average of $40.02. The firm has a market capitalization of $2.64 billion, a P/E ratio of 20.16 and a beta of 1.04. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is 200.00%.

Analyst Ratings Changes

NSA has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a report on Wednesday. They set a "neutral" rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Barclays dropped their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Finally, Robert W. Baird lowered their target price on shares of 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $41.28.

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.