Kennedy Capital Management LLC reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,524 shares of the real estate investment trust's stock after selling 95,463 shares during the quarter. Kennedy Capital Management LLC owned 0.23% of National Storage Affiliates Trust worth $6,616,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 616 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in National Storage Affiliates Trust during the fourth quarter worth about $795,000. Charles Schwab Investment Management Inc. increased its holdings in National Storage Affiliates Trust by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after purchasing an additional 23,366 shares during the last quarter. Sei Investments Co. grew its stake in shares of National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after buying an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in National Storage Affiliates Trust by 9.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock valued at $3,406,000 after acquiring an additional 7,655 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.
National Storage Affiliates Trust Stock Performance
Shares of NYSE NSA traded up $0.28 during trading hours on Tuesday, reaching $35.50. The stock had a trading volume of 600,760 shares, compared to its average volume of 658,230. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 20.76 and a beta of 1.04. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The firm has a 50-day moving average of $37.38 and a 200-day moving average of $39.89. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (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 analyst estimates of $185.37 million. Equities research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.
National Storage Affiliates Trust Dividend Announcement
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 dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is presently 200.00%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on NSA shares. Mizuho initiated 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 objective for the company. Wells Fargo & Company reduced 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 note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Robert W. Baird decreased their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Barclays reduced their target price on shares of 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. Two investment 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.28.
Read Our Latest Analysis on NSA
Insider Transactions at National Storage Affiliates Trust
In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 13.00% of the company's stock.
About National Storage Affiliates Trust
(
Free Report)
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.
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