Cresset Asset Management LLC Has $240,000 Stake in National Storage Affiliates Trust (NYSE:NSA)

Cresset Asset Management LLC lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 80.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,324 shares of the real estate investment trust's stock after selling 25,507 shares during the period. Cresset Asset Management LLC's holdings in National Storage Affiliates Trust were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also 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 worth $35,000 after acquiring an additional 756 shares during the last quarter. Venturi Wealth Management LLC lifted its position in 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 acquiring an additional 710 shares during the last quarter. KBC Group NV lifted 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 worth $146,000 after acquiring an additional 1,869 shares during the last quarter. Sterling Capital Management LLC lifted its position in National Storage Affiliates Trust by 50.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 1,388 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in National Storage Affiliates Trust during the fourth quarter worth approximately $210,000. Institutional investors own 99.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NSA. 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 research report on Wednesday, March 12th. 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 research note on Thursday, March 13th. Truist Financial set a $37.00 price target on National Storage Affiliates Trust and gave the company a "hold" rating in a research note on Monday. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Finally, Mizuho started coverage on 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. Two equities 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.83.

National Storage Affiliates Trust Price Performance

NYSE NSA traded up $0.32 on Friday, hitting $34.12. 893,064 shares of the company's stock were exchanged, compared to its average volume of 679,076. The stock has a 50-day moving average of $36.30 and a 200-day moving average of $38.34. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. 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 cap of $2.61 billion, a price-to-earnings ratio of 19.95 and a beta of 1.20.

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 earnings per share 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 business had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same quarter in the previous year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 6.68%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's payout ratio is presently 386.44%.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the 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 completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.70% of the company's stock.

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.