Barclays PLC Sells 51,967 Shares of National Storage Affiliates Trust (NYSE:NSA)

Barclays PLC trimmed its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 48.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,389 shares of the real estate investment trust's stock after selling 51,967 shares during the period. Barclays PLC owned approximately 0.07% of National Storage Affiliates Trust worth $2,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of National Storage Affiliates Trust in the third quarter worth $29,000. Bellevue Asset Management LLC bought a new position in National Storage Affiliates Trust in the third quarter valued at $39,000. Northwestern Mutual Wealth Management Co. bought a new position in National Storage Affiliates Trust in the second quarter valued at $33,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $39,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

NSA stock traded up $0.15 during midday trading on Wednesday, reaching $38.05. 177,468 shares of the company were exchanged, compared to its average volume of 707,241. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 22.25 and a beta of 1.01. The business has a 50-day moving average price of $42.79 and a two-hundred day moving average price of $43.64. 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 - Get Free Report) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business's quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.99%. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's dividend payout ratio (DPR) is 133.33%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group increased their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a research note on Wednesday, September 18th. Robert W. Baird increased their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Barclays boosted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Wells Fargo & Company increased their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a report on Monday, October 21st. Finally, KeyCorp downgraded shares of National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $43.17.

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.