National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,831 shares of the real estate investment trust's stock after selling 75,763 shares during the period. Bank of America Corp DE owned 0.29% of National Storage Affiliates Trust worth $8,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in National Storage Affiliates Trust by 1,354.0% during the 4th 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 lifted its stake in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after buying an additional 1,869 shares in the last quarter. abrdn plc boosted 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 worth $666,000 after acquiring an additional 4,180 shares during the last quarter. Retirement Systems of Alabama grew its stake in 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 valued at $3,233,000 after acquiring an additional 412 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in National Storage Affiliates Trust by 1.8% in the 4th 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 owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael J. Schall purchased 4,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird cut their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company lowered 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. 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 price target for the company. Barclays cut their price target 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. Finally, Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of "Hold" and an average price target of $39.75.

National Storage Affiliates Trust Trading Up 0.3%

Shares of NYSE:NSA traded up $0.09 during mid-day trading on Tuesday, reaching $34.24. 1,761,349 shares of the company were exchanged, compared to its average volume of 684,520. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year 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 firm's 50-day simple moving average is $36.21 and its 200 day simple moving average is $38.21. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 20.02 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS 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 analysts' expectations of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is currently 386.44%.

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.