Bank of New York Mellon Corp Sells 42,851 Shares of National Storage Affiliates Trust (NYSE:NSA)

Bank of New York Mellon Corp reduced its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 866,948 shares of the real estate investment trust's stock after selling 42,851 shares during the period. Bank of New York Mellon Corp owned approximately 1.14% of National Storage Affiliates Trust worth $32,866,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NSA. FMR LLC raised its position in National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock worth $80,214,000 after purchasing an additional 358,449 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of National Storage Affiliates Trust by 385.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust's stock valued at $20,300,000 after buying an additional 334,445 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in National Storage Affiliates Trust by 39.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock worth $42,110,000 after buying an additional 315,474 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in National Storage Affiliates Trust by 1,581.9% in the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust's stock worth $11,650,000 after purchasing an additional 227,334 shares during the last quarter. Finally, Hancock Whitney Corp grew its stake in shares of National Storage Affiliates Trust by 1,760.2% during the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock valued at $10,035,000 after purchasing an additional 197,003 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

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Analysts Set New Price Targets

Several research firms have weighed in on NSA. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Barclays cut their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, 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 company from $40.00 to $38.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $42.56.

National Storage Affiliates Trust Trading Down 4.4 %

National Storage Affiliates Trust stock traded down $1.75 during midday trading on Tuesday, reaching $37.84. The stock had a trading volume of 1,461,725 shares, compared to its average volume of 632,430. The firm's fifty day simple moving average is $37.55 and its two-hundred day simple moving average is $41.83. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 22.13 and a beta of 1.07. 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 released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's payout ratio is 200.00%.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired 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 of the company's stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 13.00% of the company's stock.

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.