Edgestream Partners L.P. Sells 92,586 Shares of National Storage Affiliates Trust (NYSE:NSA)

Edgestream Partners L.P. lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 62.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,635 shares of the real estate investment trust's stock after selling 92,586 shares during the period. Edgestream Partners L.P. owned 0.07% of National Storage Affiliates Trust worth $2,147,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its position in National Storage Affiliates Trust by 3.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust's stock worth $386,000 after purchasing an additional 257 shares during the last quarter. US Bancorp DE increased its position in National Storage Affiliates Trust by 13.3% in the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust's stock valued at $148,000 after acquiring an additional 360 shares during the period. Van ECK Associates Corp raised its stake in National Storage Affiliates Trust by 7.8% during the 3rd quarter. Van ECK Associates Corp now owns 11,899 shares of the real estate investment trust's stock valued at $574,000 after acquiring an additional 859 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in National Storage Affiliates Trust by 11.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,257 shares of the real estate investment trust's stock valued at $302,000 after acquiring an additional 644 shares in the last quarter. Finally, Assetmark Inc. bought a new position in shares of National Storage Affiliates Trust in the third quarter worth $501,000. Institutional investors and hedge funds own 99.97% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price objective 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. Deutsche Bank Aktiengesellschaft raised shares of 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 note on Friday, January 10th. Barclays lowered their price objective 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 note on Wednesday. Finally, Wells Fargo & Company cut their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus target price of $42.06.

Insider Buying and Selling

In other news, Director Michael J. Schall bought 4,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.20% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Trading Down 1.6 %

NYSE NSA traded down $0.59 on Thursday, hitting $36.57. 820,879 shares of the company were exchanged, compared to its average volume of 629,696. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44. The company's 50 day moving average price is $37.53 and its 200-day moving average price is $41.74. The firm has a market capitalization of $2.79 billion, a P/E ratio of 21.38 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 earnings results 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. The company 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%. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business 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 $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) 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.