National Storage Affiliates Trust (NYSE:NSA) Stock Price Down 3.3% - Time to Sell?

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) dropped 3.3% during trading on Wednesday . The company traded as low as $37.77 and last traded at $37.72. Approximately 280,104 shares were traded during trading, a decline of 52% from the average daily volume of 588,857 shares. The stock had previously closed at $39.00.

Analysts Set New Price Targets

Several research firms have commented on NSA. Wells Fargo & Company decreased their price target 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. Robert W. Baird reduced their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Barclays lowered their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $42.06.

National Storage Affiliates Trust Stock Down 4.6 %

The company has a 50 day moving average price of $37.93 and a 200-day moving average price of $40.63. The stock has a market capitalization of $2.56 billion, a PE ratio of 19.61 and a beta of 1.04. 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 posted its earnings results 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 analysts' expectations 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, analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced 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 of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.80%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

Insider Activity

In other news, Director Michael J. Schall acquired 4,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.00% of the stock is currently owned by company insiders.

Institutional Trading of National Storage Affiliates Trust

A number of hedge funds and other institutional investors have recently modified their holdings of NSA. Versant Capital Management Inc grew its stake in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 514 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in National Storage Affiliates Trust during the 4th quarter valued at $28,000. Quarry LP increased its holdings in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 756 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter worth $50,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 710 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

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.