National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 56.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,803 shares of the real estate investment trust's stock after selling 7,605 shares during the quarter. Teacher Retirement System of Texas' holdings in National Storage Affiliates Trust were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NSA. Versant Capital Management Inc lifted its stake in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 514 shares during the period. Venturi Wealth Management LLC raised its holdings in National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares in the last quarter. KBC Group NV lifted its position in National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 1,869 shares during the period. Johnson & White Wealth Management LLC purchased a new stake in National Storage Affiliates Trust in the 4th quarter valued at approximately $228,000. Finally, SPC Financial Inc. increased its position in National Storage Affiliates Trust by 4.6% during the 4th quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock worth $258,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.

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Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays reduced their price target on 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. Wells Fargo & Company decreased their target price on shares of 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 lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $42.06.

National Storage Affiliates Trust Price Performance

NYSE:NSA traded down $1.63 during mid-day trading on Monday, hitting $33.53. 1,579,468 shares of the company's stock traded hands, compared to its average volume of 655,086. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2.56 billion, a PE ratio of 19.61 and a beta of 1.04. The firm's 50 day simple moving average is $37.84 and its 200 day simple moving average is $40.53. National Storage Affiliates Trust has a 1 year low of $32.82 and a 1 year high of $49.44.

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 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.80%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

National Storage Affiliates Trust 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.