Legal & General Group Plc Sells 40,862 Shares of National Storage Affiliates Trust (NYSE:NSA)

Legal & General Group Plc cut its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 9.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 377,532 shares of the real estate investment trust's stock after selling 40,862 shares during the quarter. Legal & General Group Plc owned 0.50% of National Storage Affiliates Trust worth $14,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of 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 purchasing an additional 514 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of National Storage Affiliates Trust by 48.9% in 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 acquiring an additional 710 shares during the last quarter. KBC Group NV grew its stake in National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after acquiring an additional 1,869 shares during the period. Virtu Financial LLC bought a new stake in National Storage Affiliates Trust during the 4th quarter worth approximately $210,000. Finally, Johnson & White Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $228,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NSA has been the subject of several recent research reports. Robert W. Baird reduced 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. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays dropped their price target 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 report on Wednesday, March 12th. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Finally, Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $41.28.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.70% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Trading Down 0.9 %

Shares of NYSE:NSA traded down $0.32 during midday trading on Monday, hitting $36.44. 15,241 shares of the stock traded hands, compared to its average volume of 653,434. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $2.79 billion, a PE ratio of 21.31 and a beta of 1.04. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The business's 50 day moving average is $37.25 and its two-hundred day moving average is $39.58.

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 for the quarter, beating analysts' consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.26%. National Storage Affiliates Trust's dividend payout ratio is presently 200.00%.

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.