SG Americas Securities LLC Sells 59,306 Shares of National Storage Affiliates Trust (NYSE:NSA)

SG Americas Securities LLC lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 69.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of NSA. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter worth $28,000. Quarry LP lifted its position in 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 worth $35,000 after acquiring an additional 756 shares during the last quarter. GF Fund Management CO. LTD. bought a new stake in National Storage Affiliates Trust during the fourth quarter valued at about $50,000. Parallel Advisors LLC grew its position in shares of National Storage Affiliates Trust by 53.9% in the first quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 598 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of 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 purchasing an additional 710 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NSA stock traded down $0.03 during trading on Wednesday, hitting $32.88. 1,687,227 shares of the stock traded hands, compared to its average volume of 764,589. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 55.72 and a beta of 1.14. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54. The company has a 50 day simple moving average of $35.18 and a 200 day simple moving average of $37.11.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The firm had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a net margin of 8.59% and a return on equity of 4.59%. The business's revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. Equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business 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 $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

Analysts Set New Price Targets

Several research analysts have commented on NSA shares. Wells Fargo & Company dropped their price target 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. Robert W. Baird decreased their price objective on 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. Morgan Stanley cut National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective on the stock. in a research report on Tuesday, May 27th. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the company a "hold" rating in a research note on Monday, May 19th. Finally, Barclays decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust presently has an average 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.