Balyasny Asset Management L.P. Makes New $51.08 Million Investment in National Storage Affiliates Trust (NYSE:NSA)

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc increased its stake in shares of National Storage Affiliates Trust by 233.6% in the 4th 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 in the last quarter. Quarry LP lifted its holdings in National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 756 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares in the last quarter. KBC Group NV increased its stake in National Storage Affiliates Trust by 94.3% in the 4th 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 last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of National Storage Affiliates Trust by 50.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock valued at $156,000 after purchasing an additional 1,388 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Up 0.8 %

National Storage Affiliates Trust stock traded up $0.29 during midday trading on Friday, reaching $36.63. The stock had a trading volume of 663,885 shares, compared to its average volume of 662,655. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month 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 stock's 50-day simple moving average is $36.81 and its 200 day simple moving average is $38.80. The stock has a market capitalization of $2.80 billion, a PE ratio of 21.42 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (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 company had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business's revenue was down 4.0% compared to the same quarter last year. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 6.22%. National Storage Affiliates Trust's payout ratio is 386.44%.

Analyst Ratings Changes

NSA has been the subject of several research reports. Robert W. Baird lowered 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, March 13th. Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Mizuho started coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective on the stock. Finally, Barclays lowered their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $41.28.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 13.70% of the company's stock.

National Storage Affiliates Trust 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.