Massachusetts Financial Services Co. MA Sells 114,017 Shares of National Storage Affiliates Trust (NYSE:NSA)

Massachusetts Financial Services Co. MA decreased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,091,927 shares of the real estate investment trust's stock after selling 114,017 shares during the period. Massachusetts Financial Services Co. MA owned 1.43% of National Storage Affiliates Trust worth $41,395,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NSA. Fisher Asset Management LLC increased its position in National Storage Affiliates Trust by 6.5% during 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 during the period. Proficio Capital Partners LLC purchased a new stake in National Storage Affiliates Trust in the fourth quarter worth about $795,000. Charles Schwab Investment Management Inc. boosted its position in National Storage Affiliates Trust by 2.4% during 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 acquiring an additional 23,366 shares in the last quarter. Sei Investments Co. grew its holdings in shares of National Storage Affiliates Trust by 8.0% during the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock worth $14,943,000 after acquiring an additional 29,063 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of 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 worth $3,406,000 after acquiring an additional 7,655 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NSA shares. Barclays dropped their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised shares of 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 research report on Friday, January 10th. Robert W. Baird lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday. They set a "neutral" rating and a $35.00 target price for the company. Two equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.28.

National Storage Affiliates Trust Stock Down 4.9 %

Shares of NYSE:NSA traded down $1.68 during trading on Thursday, reaching $32.98. 131,575 shares of the stock traded hands, compared to its average volume of 654,466. The stock has a market cap of $2.52 billion, a P/E ratio of 19.31 and a beta of 1.04. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50-day moving average of $37.54 and a two-hundred day moving average of $40.22.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, sell-side analysts expect 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. Investors of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.91%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is 200.00%.

Insiders Place Their Bets

In other 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 purchased 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 approximately $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.00% of the stock is owned by company insiders.

About National Storage Affiliates Trust

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.