Wedge Capital Management L L P NC Decreases Stake in National Storage Affiliates Trust (NYSE:NSA)

Wedge Capital Management L L P NC reduced its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 31.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,784 shares of the real estate investment trust's stock after selling 59,587 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.17% of National Storage Affiliates Trust worth $5,113,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NSA. Fourth Dimension Wealth LLC acquired a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at about $28,000. Quarry LP increased 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 purchasing an additional 756 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in National Storage Affiliates Trust during the fourth quarter worth about $50,000. Parallel Advisors LLC raised its stake in 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 during the period. Finally, Venturi Wealth Management LLC boosted its holdings in National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 710 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NSA. Barclays cut their price target on shares of 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. 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 research note 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 report on Monday, May 19th. Mizuho initiated coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Finally, Robert W. Baird cut their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.75.

National Storage Affiliates Trust Trading Up 0.4%

Shares of NYSE NSA traded up $0.15 during trading on Thursday, reaching $33.87. The stock had a trading volume of 970,279 shares, compared to its average volume of 689,014. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2.59 billion, a P/E ratio of 19.81 and a beta of 1.14. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The business's 50-day moving average price is $35.19 and its 200-day moving average price is $37.49.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly 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 business had revenue of $188.35 million for the quarter, compared to analysts' expectations of $184.65 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.73%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 386.44%.

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.