National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lowered its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 17.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 90,951 shares of the real estate investment trust's stock after selling 19,021 shares during the period. Keeley Teton Advisors LLC owned about 0.12% of National Storage Affiliates Trust worth $3,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $26,737,000. Raymond James Financial Inc. purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth $13,354,000. TimesSquare Capital Management LLC boosted its holdings in shares of National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock valued at $42,110,000 after purchasing an additional 315,474 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of National Storage Affiliates Trust by 140.6% in the fourth quarter. Franklin Resources Inc. now owns 312,929 shares of the real estate investment trust's stock worth $11,863,000 after buying an additional 182,878 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in National Storage Affiliates Trust during the fourth quarter valued at approximately $5,055,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Trading Up 3.4 %

NSA stock traded up $1.20 during midday trading on Friday, reaching $36.74. The company's stock had a trading volume of 510,713 shares, compared to its average volume of 655,579. 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 capitalization of $2.81 billion, a price-to-earnings ratio of 21.48 and a beta of 1.04. The stock has a fifty day simple moving average of $37.25 and a two-hundred day simple moving average of $39.68. 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 (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share 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 net margin of 20.59% and a return on equity of 10.35%. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced 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 6.21%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's payout ratio is 200.00%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays decreased their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Robert W. Baird lowered 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 research report on Thursday, March 13th. Mizuho began coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price on the stock. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $41.28.

Insider Activity

In related news, Director Michael J. Schall bought 4,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction 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 approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.70% 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.