14,850 Shares in National Storage Affiliates Trust (NYSE:NSA) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,850 shares of the real estate investment trust's stock, valued at approximately $563,000.

Several other institutional investors also recently modified their holdings of NSA. SG Americas Securities LLC increased its position in shares of National Storage Affiliates Trust by 1,354.0% in the fourth quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust's stock worth $3,252,000 after purchasing an additional 79,884 shares during the last quarter. KBC Group NV grew its position in National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after acquiring an additional 1,869 shares during the last quarter. abrdn plc grew its position in National Storage Affiliates Trust by 30.6% during the fourth quarter. abrdn plc now owns 17,831 shares of the real estate investment trust's stock valued at $666,000 after acquiring an additional 4,180 shares during the last quarter. Retirement Systems of Alabama grew its position in National Storage Affiliates Trust by 0.5% during the fourth quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock valued at $3,233,000 after acquiring an additional 412 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in National Storage Affiliates Trust by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 41,714 shares of the real estate investment trust's stock valued at $1,580,000 after acquiring an additional 752 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value 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 $231,240. The trade was a 200.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 13.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NSA has been the topic of a number of recent research reports. Robert W. Baird reduced their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays reduced 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. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, Truist Financial reduced their price target on shares of National Storage Affiliates Trust from $39.00 to $37.00 and set a "hold" rating on the stock in a research report on Monday. Two 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.83.

National Storage Affiliates Trust Stock Down 1.1%

Shares of National Storage Affiliates Trust stock opened at $33.92 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 19.84 and a beta of 1.20. The company's 50 day moving average price is $36.37 and its 200-day moving average price is $38.40.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $184.65 million. During the same quarter in the prior year, the business posted $0.60 EPS. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Friday, June 13th. 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.

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