Millennium Management LLC Has $967,000 Holdings in National Storage Affiliates Trust (NYSE:NSA)

Millennium Management LLC reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 78.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,496 shares of the real estate investment trust's stock after selling 90,226 shares during the period. Millennium Management LLC's holdings in National Storage Affiliates Trust were worth $967,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of NSA. Jacobs Levy Equity Management Inc. lifted its holdings in shares of National Storage Affiliates Trust by 64.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 46,638 shares of the real estate investment trust's stock worth $1,768,000 after buying an additional 18,277 shares during the last quarter. Janus Henderson Group PLC raised its stake in National Storage Affiliates Trust by 21.4% during the 4th quarter. Janus Henderson Group PLC now owns 534,183 shares of the real estate investment trust's stock valued at $20,252,000 after purchasing an additional 94,117 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in National Storage Affiliates Trust by 54.6% in the 4th quarter. Graham Capital Management L.P. now owns 8,558 shares of the real estate investment trust's stock valued at $324,000 after purchasing an additional 3,021 shares during the period. Cetera Investment Advisers grew its position in National Storage Affiliates Trust by 2.2% in the 4th quarter. Cetera Investment Advisers now owns 73,758 shares of the real estate investment trust's stock worth $2,796,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Brevan Howard Capital Management LP increased its holdings in shares of National Storage Affiliates Trust by 16.0% during the 4th quarter. Brevan Howard Capital Management LP now owns 28,046 shares of the real estate investment trust's stock worth $1,063,000 after purchasing an additional 3,868 shares during the period. Institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NSA. Mizuho began coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Truist Financial set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the company a "hold" rating in a research note on Monday, May 19th. Barclays cut 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 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 report on Thursday, March 13th. Finally, Morgan Stanley cut shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a research report on Tuesday, May 27th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.75.

National Storage Affiliates Trust Trading Up 0.5%

National Storage Affiliates Trust stock traded up $0.18 during mid-day trading on Monday, hitting $33.72. The stock had a trading volume of 1,186,952 shares, compared to its average volume of 683,611. 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 12 month low of $30.88 and a 12 month high of $49.44. The stock has a market capitalization of $2.58 billion, a PE ratio of 19.72 and a beta of 1.14. The stock has a 50-day simple moving average of $35.39 and a two-hundred day simple moving average of $37.62.

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). The business had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company's quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.76%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 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.