Atria Investments Inc Decreases Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Atria Investments Inc lowered its holdings in National Storage Affiliates Trust (NYSE:NSA) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,713 shares of the real estate investment trust’s stock after selling 1,013 shares during the period. Atria Investments Inc’s holdings in National Storage Affiliates Trust were worth $217,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of National Storage Affiliates Trust by 27.5% during the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after purchasing an additional 358,449 shares during the period. Geode Capital Management LLC increased its holdings in National Storage Affiliates Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock worth $64,277,000 after buying an additional 4,897 shares during the last quarter. TimesSquare Capital Management LLC raised its position in National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after acquiring an additional 315,474 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in National Storage Affiliates Trust by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock valued at $38,381,000 after acquiring an additional 23,366 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of National Storage Affiliates Trust by 385.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock valued at $20,300,000 after acquiring an additional 334,445 shares during the period. Institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NSA shares. Wells Fargo & Company lowered their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Robert W. Baird cut 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Barclays reduced their target price 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 note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.06.

National Storage Affiliates Trust Price Performance

NSA stock opened at $38.00 on Wednesday. The firm has a 50 day moving average of $37.49 and a 200-day moving average of $41.46. The firm has a market capitalization of $2.90 billion, a P/E 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. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 annualized dividend and a dividend yield of 6.00%. National Storage Affiliates Trust’s payout ratio is currently 200.00%.

Insider Activity

In related news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 13.00% of the company’s stock.

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.