Dimensional Fund Advisors LP Lowers Holdings in National Storage Affiliates Trust (NYSE:NSA)

Dimensional Fund Advisors LP cut its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,029,180 shares of the real estate investment trust's stock after selling 19,990 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.35% of National Storage Affiliates Trust worth $39,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock valued at $369,979,000 after acquiring an additional 80,923 shares during the period. Wasatch Advisors LP lifted its holdings in National Storage Affiliates Trust by 8.2% in the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after acquiring an additional 506,398 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of National Storage Affiliates Trust by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock worth $96,600,000 after purchasing an additional 10,783 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock valued at $51,144,000 after acquiring an additional 15,468 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in shares of National Storage Affiliates Trust by 39.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock valued at $42,110,000 after buying an additional 315,474 shares during the period. 99.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Barclays dropped their target price on shares of 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. Robert W. Baird decreased 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. Finally, Mizuho initiated coverage on shares of 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus price target of $41.28.

National Storage Affiliates Trust Stock Up 0.2 %

NYSE:NSA traded up $0.08 on Wednesday, hitting $36.06. 900,778 shares of the company's stock were exchanged, compared to its average volume of 659,167. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. 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 company has a market cap of $2.76 billion, a P/E ratio of 21.09 and a beta of 1.20. The firm has a 50-day moving average price of $36.94 and a 200-day moving average price of $38.94.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.57 dividend. 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 6.32%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Insider Activity

In other news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought 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 of the company's stock, valued at $231,240. This represents a 200.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 13.70% of the company's stock.

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.