Man Group plc Sells 17,828 Shares of National Storage Affiliates Trust (NYSE:NSA)

Man Group plc decreased its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 103,702 shares of the real estate investment trust's stock after selling 17,828 shares during the quarter. Man Group plc owned about 0.14% of National Storage Affiliates Trust worth $3,931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 756 shares during the last quarter. Venturi Wealth Management LLC increased its position in National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after buying an additional 710 shares during the period. KBC Group NV grew 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 purchasing an additional 1,869 shares in the last quarter. Sterling Capital Management LLC boosted its stake 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 valued at $156,000 after buying an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in National Storage Affiliates Trust during the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Up 0.3%

Shares of NSA traded up $0.09 during midday trading on Tuesday, reaching $34.24. 1,761,349 shares of the stock were exchanged, compared to its average volume of 684,520. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The firm has a 50 day simple moving average of $36.13 and a 200-day simple moving average of $38.18. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company 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 posted 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). 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 for the quarter, compared to analysts' expectations of $184.65 million. During the same period last year, the business earned $0.60 earnings per share. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid 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 of this dividend is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 386.44%.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $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 is accessible through the SEC website. Company insiders own 13.70% of the company's stock.

Analyst Upgrades and Downgrades

NSA has been the subject of several research reports. Barclays decreased their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Truist Financial set a $37.00 price target on National Storage Affiliates Trust and gave the company a "hold" rating in a research report on Monday, May 19th. Mizuho started coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target for the company. Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a research report on Tuesday. Finally, Wells Fargo & Company decreased 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 report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of "Hold" and a consensus 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.