Algert Global LLC Sells 58,472 Shares of National Storage Affiliates Trust (NYSE:NSA)

Algert Global LLC decreased its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 59.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,163 shares of the real estate investment trust's stock after selling 58,472 shares during the period. Algert Global LLC owned approximately 0.05% of National Storage Affiliates Trust worth $1,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSA. Quarry LP increased its position in National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 756 shares during the period. Venturi Wealth Management LLC increased its stake in shares of 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 valued at $82,000 after acquiring an additional 710 shares during the last quarter. KBC Group NV increased its stake in National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after purchasing an additional 1,869 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock valued at $156,000 after buying an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $210,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NSA. Robert W. Baird reduced their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Barclays dropped 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 report on Wednesday, March 12th. Finally, Wells Fargo & Company decreased their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.28.

Insider Activity 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 dated Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.70% of the stock is owned by insiders.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA traded down $0.91 during mid-day trading on Tuesday, reaching $35.38. 746,135 shares of the company traded hands, compared to its average volume of 664,103. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $2.71 billion, a PE ratio of 20.69 and a beta of 1.20. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The stock has a fifty day simple moving average of $36.76 and a 200-day simple moving average of $38.73.

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

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued 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 dividend yield of 6.44%. National Storage Affiliates Trust's payout ratio is 386.44%.

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.