National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 56.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,803 shares of the real estate investment trust’s stock after selling 7,605 shares during the quarter. Teacher Retirement System of Texas’ holdings in National Storage Affiliates Trust were worth $220,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NSA. Fisher Asset Management LLC grew its holdings in National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 616 shares during the period. Proficio Capital Partners LLC purchased a new stake in National Storage Affiliates Trust during the fourth quarter valued at about $795,000. Charles Schwab Investment Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock worth $38,381,000 after purchasing an additional 23,366 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of National Storage Affiliates Trust by 9.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock valued at $3,406,000 after purchasing an additional 7,655 shares in the last quarter. Finally, Amundi grew its holdings in shares of National Storage Affiliates Trust by 76.7% during the 4th quarter. Amundi now owns 65,569 shares of the real estate investment trust’s stock worth $2,422,000 after purchasing an additional 28,451 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company decreased their target price on 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 raised 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, Robert W. Baird decreased their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $42.06.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The shares were bought at an average cost 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $39.13 on Thursday. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week 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. The stock has a market cap of $2.99 billion, a P/E ratio of 22.88 and a beta of 1.07. The stock has a 50 day moving average of $37.94 and a 200-day moving average of $40.86.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping 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 the consensus estimate of $185.37 million. On average, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 5.83%. National Storage Affiliates Trust’s payout ratio is 200.00%.

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.