California Public Employees Retirement System Has $5.05 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

California Public Employees Retirement System cut its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,185 shares of the real estate investment trust's stock after selling 10,372 shares during the quarter. California Public Employees Retirement System owned about 0.17% of National Storage Affiliates Trust worth $5,049,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NSA. Norges Bank acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $26,737,000. Raymond James Financial Inc. acquired a new position in National Storage Affiliates Trust during the 4th quarter worth about $13,354,000. TimesSquare Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock valued at $42,110,000 after acquiring an additional 315,474 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in National Storage Affiliates Trust in the 4th quarter valued at about $5,055,000. Finally, Vanguard Group Inc. boosted its stake in shares of National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock valued at $369,979,000 after buying an additional 80,923 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.00% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NSA shares. Robert W. Baird lowered 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 shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th. 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 target price for the company. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.28.

National Storage Affiliates Trust Trading Up 1.4 %

Shares of NYSE:NSA traded up $0.50 during trading on Monday, reaching $35.03. 17,464 shares of the stock were exchanged, compared to its average volume of 656,290. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 20.48 and a beta of 1.04. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The firm's 50-day moving average price is $37.42 and its 200 day moving average price is $39.97.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.51%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 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.