Victory Capital Management Inc. Cuts Position in National Storage Affiliates Trust (NYSE:NSA)

Victory Capital Management Inc. trimmed its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 222,883 shares of the real estate investment trust's stock after selling 18,822 shares during the period. Victory Capital Management Inc. owned approximately 0.29% of National Storage Affiliates Trust worth $8,449,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC lifted its stake in shares of National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 616 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $795,000. Oppenheimer Asset Management Inc. lifted its stake in shares of National Storage Affiliates Trust by 9.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock valued at $3,406,000 after purchasing an additional 7,655 shares during the last quarter. Hancock Whitney Corp lifted its stake in shares of National Storage Affiliates Trust by 1,760.2% in the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock valued at $10,035,000 after purchasing an additional 197,003 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of National Storage Affiliates Trust by 35.7% during the 3rd quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust's stock worth $2,303,000 after acquiring an additional 12,583 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

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Insider Activity

In related news, Director Michael J. Schall purchased 4,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now owns 6,000 shares of the company's stock, valued at $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.00% of the company's stock.

Analyst Ratings Changes

NSA has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Robert W. Baird decreased their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Wells Fargo & Company decreased their price target 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. Finally, Barclays decreased 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 research note on Wednesday, March 12th. Two equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.06.

National Storage Affiliates Trust Stock Up 2.0 %

NYSE NSA traded up $0.74 on Tuesday, reaching $38.00. 877,895 shares of the stock traded hands, compared to its average volume of 627,350. 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 fifty day moving average price of $37.48 and a 200-day moving average price of $41.52. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 22.22 and a beta of 1.07. National Storage Affiliates Trust has a 12 month low of $34.59 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results 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 business 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%. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

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 issued a $0.57 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.00%. National Storage Affiliates Trust's dividend payout ratio 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.