National Storage Affiliates Trust (NYSE:NSA) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 69.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,478 shares of the real estate investment trust's stock after selling 59,306 shares during the quarter. SG Americas Securities LLC's holdings in National Storage Affiliates Trust were worth $1,043,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in NSA. Fourth Dimension Wealth LLC purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth approximately $28,000. Quarry LP increased its position in shares of 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 purchasing an additional 756 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth approximately $50,000. Parallel Advisors LLC increased its position in shares of National Storage Affiliates Trust by 53.9% during the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 598 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position 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 in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Down 1.3%

Shares of National Storage Affiliates Trust stock traded down $0.44 during trading hours on Friday, hitting $32.39. The company's stock had a trading volume of 1,503,004 shares, compared to its average volume of 691,317. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The firm has a fifty day moving average of $35.09 and a 200-day moving average of $36.87. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 54.89 and a beta of 1.14. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.22 and a current ratio of 0.22.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The business had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same period last year, the company earned $0.60 EPS. The business'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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 7.04%. The ex-dividend date of this dividend is Friday, June 13th. National Storage Affiliates Trust's payout ratio is 386.44%.

Analyst Upgrades and Downgrades

NSA has been the subject of several research reports. Mizuho started coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Barclays dropped 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 report on Wednesday, March 12th. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. Morgan Stanley cut 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 report on Tuesday, May 27th. Finally, Robert W. Baird dropped their target price 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. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price 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.