Vanguard Group Inc. Sells 507,780 Shares of National Storage Affiliates Trust (NYSE:NSA)

Vanguard Group Inc. trimmed its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,086,119 shares of the real estate investment trust’s stock after selling 507,780 shares during the quarter. Vanguard Group Inc. owned 13.86% of National Storage Affiliates Trust worth $459,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NSA. HighTower Advisors LLC purchased a new position in National Storage Affiliates Trust during the third quarter worth about $512,000. PNC Financial Services Group Inc. boosted its holdings in shares of National Storage Affiliates Trust by 39.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 1,709 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of National Storage Affiliates Trust by 51.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 163,861 shares of the real estate investment trust’s stock worth $5,201,000 after purchasing an additional 55,738 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of National Storage Affiliates Trust by 11.1% in the 3rd quarter. Invesco Ltd. now owns 545,989 shares of the real estate investment trust’s stock worth $17,330,000 after purchasing an additional 54,431 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of National Storage Affiliates Trust by 2.2% in the 3rd quarter. LPL Financial LLC now owns 489,436 shares of the real estate investment trust’s stock worth $15,535,000 after purchasing an additional 10,693 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays initiated coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price objective for the company. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.44.

Insiders Place Their Bets

In other news, Director Chad Leroy Meisinger bought 18,405 shares of the stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $37.74 per share, for a total transaction of $694,604.70. Following the purchase, the director now directly owns 114,155 shares in the company, valued at approximately $4,308,209.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Trading Down 1.1 %

Shares of NSA stock opened at $40.92 on Thursday. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.95. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day moving average of $37.67 and a 200 day moving average of $37.90. The stock has a market capitalization of $3.07 billion, a PE ratio of 21.42 and a beta of 0.91.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The business had revenue of $196.15 million during the quarter, compared to analysts’ expectations of $191.70 million. During the same quarter last year, the business posted $0.66 EPS. The business’s revenue was down 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.49 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.47%. The ex-dividend date is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 117.28%.

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.