State Street Corp Sells 73,396 Shares of National Storage Affiliates Trust (NYSE:NSA)

State Street Corp lessened its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,711,400 shares of the real estate investment trust's stock after selling 73,396 shares during the quarter. State Street Corp owned approximately 4.87% of National Storage Affiliates Trust worth $178,889,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pasadena Private Wealth LLC increased its position in shares of National Storage Affiliates Trust by 0.9% during the second quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust's stock worth $1,186,000 after buying an additional 255 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in National Storage Affiliates Trust by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust's stock worth $386,000 after acquiring an additional 257 shares during the period. SPC Financial Inc. raised its position in shares of National Storage Affiliates Trust by 4.8% in the 2nd quarter. SPC Financial Inc. now owns 6,500 shares of the real estate investment trust's stock worth $268,000 after acquiring an additional 300 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of National Storage Affiliates Trust by 1.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust's stock valued at $928,000 after purchasing an additional 339 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of National Storage Affiliates Trust by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust's stock valued at $768,000 after purchasing an additional 354 shares in the last quarter. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Down 2.0 %

Shares of NYSE:NSA traded down $0.85 during midday trading on Friday, hitting $41.46. 686,892 shares of the company's stock were exchanged, compared to its average volume of 702,908. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month high of $49.44. The company has a market cap of $3.16 billion, a PE ratio of 24.25 and a beta of 1.01. The stock has a 50 day moving average price of $43.58 and a 200-day moving average price of $43.46.

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

National Storage Affiliates Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust's dividend payout ratio is presently 130.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. KeyCorp downgraded National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Evercore ISI boosted their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a research report on Monday, September 16th. Citigroup raised 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 report on Friday, August 30th. Robert W. Baird lifted their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Finally, Barclays raised their target price on 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. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $43.17.

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.