National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 61.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,006 shares of the real estate investment trust's stock after selling 76,575 shares during the quarter. Guggenheim Capital LLC owned approximately 0.06% of National Storage Affiliates Trust worth $1,820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc grew its holdings 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 valued at $28,000 after purchasing an additional 514 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 710 shares in the last quarter. KBC Group NV increased its position in shares of National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after acquiring an additional 1,869 shares during the period. Sterling Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock valued at $156,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in National Storage Affiliates Trust in the fourth quarter valued at $210,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. 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 on the stock in a report on Thursday, March 13th. Barclays lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Mizuho started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $36.74 on Monday. The stock's 50-day moving average is $37.25 and its two-hundred day moving average is $39.58. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 21.48 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Insiders Place Their Bets

In related news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 13.70% of the stock is currently owned by insiders.

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.

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