National Storage Affiliates Trust (NYSE:NSA) Holdings Cut by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 95.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,894 shares of the real estate investment trust's stock after selling 299,445 shares during the period. Arrowstreet Capital Limited Partnership's holdings in National Storage Affiliates Trust were worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of 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 worth $384,000 after buying an additional 616 shares during the period. Proficio Capital Partners LLC acquired a new stake in National Storage Affiliates Trust during the fourth quarter worth about $795,000. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $38,381,000 after purchasing an additional 23,366 shares during the period. Sei Investments Co. lifted its stake in shares of National Storage Affiliates Trust by 8.0% in the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after purchasing an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of National Storage Affiliates Trust by 9.3% during 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 purchasing an additional 7,655 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

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National Storage Affiliates Trust Stock Up 0.8 %

Shares of NYSE:NSA traded up $0.28 during trading on Tuesday, hitting $35.50. The company's stock had a trading volume of 600,760 shares, compared to its average volume of 658,199. The company has a market capitalization of $2.71 billion, a PE 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 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's 50-day moving average price is $37.38 and its two-hundred day moving average price is $39.89.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed 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. This represents a $2.28 annualized dividend and a yield of 6.42%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 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, for a total transaction of $154,160.00. Following the acquisition, the director now owns 6,000 shares of the company's stock, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 13.00% of the company's stock.

Wall Street Analysts Forecast Growth

NSA has been the subject of several research reports. Barclays decreased their price objective on shares of 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price target 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 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. 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. Finally, Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $41.28.

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.