National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in National Storage Affiliates Trust (NYSE:NSA) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 222,883 shares of the real estate investment trust’s stock after selling 18,822 shares during the quarter. Victory Capital Management Inc. owned 0.29% of National Storage Affiliates Trust worth $8,449,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NSA. Thrivent Financial for Lutherans grew its position in National Storage Affiliates Trust by 0.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock valued at $122,301,000 after buying an additional 22,454 shares during the last quarter. FMR LLC grew its position in National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after buying an additional 358,449 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock worth $64,277,000 after purchasing an additional 4,897 shares in the last quarter. TimesSquare Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after purchasing an additional 315,474 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of National Storage Affiliates Trust by 2.4% during 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 in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $36.64 on Friday. The company has a 50-day moving average of $37.48 and a 200-day moving average of $41.64. The firm has a market cap of $2.80 billion, a price-to-earnings 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. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS 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 analysts’ expectations of $185.37 million. Analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.22%. National Storage Affiliates Trust’s payout ratio is presently 200.00%.

Insiders Place Their Bets

In other news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.20% of the company’s stock.

Wall Street Analyst Weigh In

NSA has been the subject of several research reports. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Barclays cut their price target on 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Robert W. Baird cut their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust currently 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.