National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 92.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,661 shares of the real estate investment trust’s stock after selling 364,693 shares during the period. Jane Street Group LLC’s holdings in National Storage Affiliates Trust were worth $1,526,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P acquired a new stake in shares of National Storage Affiliates Trust in the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in National Storage Affiliates Trust in the 3rd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $33,000. Ashton Thomas Private Wealth LLC purchased a new position in National Storage Affiliates Trust in the second quarter valued at about $39,000. Finally, Bellevue Asset Management LLC acquired a new position in shares of National Storage Affiliates Trust during the third quarter worth about $39,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NSA. Barclays increased 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. Robert W. Baird lifted their price objective 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. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Evercore ISI raised their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company boosted their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.17.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $38.09 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm’s 50 day moving average is $42.65 and its two-hundred day moving average is $43.60. The firm has a market capitalization of $2.90 billion, a P/E ratio of 22.27 and a beta of 1.01. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44.

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

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.99%. National Storage Affiliates Trust’s payout ratio is 133.33%.

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.