Jane Street Group LLC Lowers Position in National Storage Affiliates Trust (NYSE:NSA)

Jane Street Group LLC lessened its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 92.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,661 shares of the real estate investment trust's stock after selling 364,693 shares during the quarter. Jane Street Group LLC's holdings in National Storage Affiliates Trust were worth $1,526,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NSA. Quantinno Capital Management LP lifted its stake in shares of National Storage Affiliates Trust by 11.2% in the 3rd quarter. Quantinno Capital Management LP now owns 176,744 shares of the real estate investment trust's stock valued at $8,519,000 after purchasing an additional 17,810 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of National Storage Affiliates Trust by 19.7% in the third quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust's stock worth $317,000 after acquiring an additional 1,082 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth about $1,367,000. Edgestream Partners L.P. grew its position in shares of National Storage Affiliates Trust by 61.1% during the 3rd quarter. Edgestream Partners L.P. now owns 149,221 shares of the real estate investment trust's stock valued at $7,192,000 after acquiring an additional 56,582 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of National Storage Affiliates Trust by 385.7% in the 3rd 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 purchasing an additional 334,445 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NSA. KeyCorp lowered National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Barclays lifted their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Robert W. Baird upped their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research report on Monday, October 21st. Finally, Citigroup upped their price target on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $43.17.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded down $0.40 during midday trading on Friday, hitting $37.69. The company had a trading volume of 310,904 shares, compared to its average volume of 704,723. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 22.04 and a beta of 1.01. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The business's 50-day simple moving average is $42.51 and its 200-day simple moving average is $43.56.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.42). The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm's revenue was down 20.2% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.05%. This is an increase from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 133.33%.

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.