Dimensional Fund Advisors LP Sells 19,990 Shares of National Storage Affiliates Trust (NYSE:NSA)

Dimensional Fund Advisors LP decreased its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SPC Financial Inc. raised its holdings in National Storage Affiliates Trust by 4.6% in the 4th quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock worth $258,000 after acquiring an additional 300 shares during the period. Retirement Systems of Alabama lifted its position in shares of National Storage Affiliates Trust by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock worth $3,233,000 after purchasing an additional 412 shares during the last quarter. Arizona State Retirement System grew its holdings in National Storage Affiliates Trust by 2.1% in the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock valued at $794,000 after buying an additional 437 shares during the last quarter. 1620 Investment Advisors Inc. increased its position in National Storage Affiliates Trust by 3.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock worth $527,000 after buying an additional 475 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of National Storage Affiliates Trust by 6.3% during the fourth quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock worth $305,000 after buying an additional 475 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael J. Schall bought 4,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 6,000 shares of the company's stock, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.70% of the company's stock.

Analyst Upgrades and Downgrades

NSA has been the topic of a number of research reports. Barclays dropped their target price 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. Mizuho started 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. 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 research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Robert W. Baird cut their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock traded up $0.29 on Friday, reaching $36.63. The company's stock had a trading volume of 663,885 shares, compared to its average volume of 662,655. 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 market cap of $2.80 billion, a price-to-earnings ratio of 21.42 and a beta of 1.20. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The business's fifty day moving average price is $36.81 and its 200 day moving average price is $38.80.

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 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. Equities analysts expect 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 was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid 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 yield of 6.22%. National Storage Affiliates Trust's payout ratio is presently 200.00%.

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.