National Storage Affiliates Trust (NYSE:NSA) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in National Storage Affiliates Trust (NYSE:NSA) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,789 shares of the real estate investment trust’s stock after selling 284 shares during the period. US Bancorp DE’s holdings in National Storage Affiliates Trust were worth $106,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust in the third quarter worth about $25,000. Versant Capital Management Inc raised its position in shares of National Storage Affiliates Trust by 233.6% in the fourth 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 position in shares of National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 710 shares during the period. KBC Group NV raised its position in shares of 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 worth $146,000 after acquiring an additional 1,869 shares during the period. Finally, Versor Investments LP acquired a new position in shares of National Storage Affiliates Trust in the third quarter worth about $222,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 13.00% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Stock Down 0.0 %

Shares of NYSE NSA opened at $36.64 on Monday. National Storage Affiliates Trust has a 12-month low of $34.59 and a 12-month high of $49.44. The stock has a market cap of $2.80 billion, a PE ratio of 21.43 and a beta of 1.07. 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 company has a 50-day moving average of $37.48 and a 200 day moving average of $41.58.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (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 company had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.22%. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Analysts Set New Price Targets

NSA has been the subject of a number of analyst reports. Robert W. Baird decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays reduced their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.06.

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.