National Storage Affiliates Trust (NYSE:NSA) Stock Position Trimmed by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 25.5% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP lifted 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 valued at $35,000 after acquiring an additional 756 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares during the period. KBC Group NV increased its holdings in National Storage Affiliates Trust by 94.3% in the 4th 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 during the period. Sterling Capital Management LLC increased its holdings in National Storage Affiliates Trust by 50.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after buying an additional 1,388 shares during the period. Finally, Virtu Financial LLC purchased a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $210,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NSA traded up $0.22 during trading on Thursday, reaching $33.96. 168,318 shares of the stock were exchanged, compared to its average volume of 686,054. The business's 50 day moving average price is $36.04 and its two-hundred day moving average price is $38.15. 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 capitalization of $2.60 billion, a price-to-earnings ratio of 19.86 and a beta of 1.20. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly 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 company had revenue of $188.35 million during 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 business's revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.71%. National Storage Affiliates Trust's payout ratio is 386.44%.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased 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. The trade was a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.70% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on NSA. Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the stock a "hold" rating in a research report on Monday, May 19th. Mizuho began coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target on the stock. Barclays cut their price objective 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 lowered their target price on shares of 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, Wells Fargo & Company dropped their target price on 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. Three 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's stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Hold" and an average price target of $39.75.

National Storage Affiliates Trust Company 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.