1,347,437 Shares in National Storage Affiliates Trust (NYSE:NSA) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,347,437 shares of the real estate investment trust's stock, valued at approximately $51,081,000. Balyasny Asset Management L.P. owned 1.77% of National Storage Affiliates Trust at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. raised its stake in National Storage Affiliates Trust by 48.1% in the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock valued at $5,769,000 after purchasing an additional 42,241 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of National Storage Affiliates Trust by 15.4% during the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock worth $15,389,000 after buying an additional 42,508 shares in the last quarter. 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 valued at $28,000 after buying an additional 514 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of National Storage Affiliates Trust by 18.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock worth $2,080,000 after buying an additional 8,662 shares in the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new position in National Storage Affiliates Trust during the fourth quarter worth about $228,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $37.81 on Tuesday. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $36.99 and a 200 day moving average price of $38.96. The stock has a market capitalization of $2.89 billion, a P/E ratio of 22.11 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. During the same quarter last year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.03%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NSA. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Robert W. Baird lowered their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Mizuho initiated coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Barclays lowered their price target 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 report on Wednesday, March 12th. Finally, Wells Fargo & Company cut their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $41.28.

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.

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