302,399 Shares in National Storage Affiliates Trust (NYSE:NSA) Acquired by Woodline Partners LP

Woodline Partners LP purchased a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 302,399 shares of the real estate investment trust's stock, valued at approximately $11,464,000. Woodline Partners LP owned approximately 0.40% of National Storage Affiliates Trust as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in National Storage Affiliates Trust by 1,354.0% in the 4th quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust's stock valued at $3,252,000 after acquiring an additional 79,884 shares during the last quarter. KBC Group NV lifted its holdings in shares of National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after acquiring an additional 1,869 shares during the period. abrdn plc raised its holdings in National Storage Affiliates Trust by 30.6% in the fourth quarter. abrdn plc now owns 17,831 shares of the real estate investment trust's stock valued at $666,000 after buying an additional 4,180 shares during the period. Retirement Systems of Alabama raised its holdings in National Storage Affiliates Trust by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock valued at $3,233,000 after buying an additional 412 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in National Storage Affiliates Trust by 1.8% in the fourth quarter. State of Alaska Department of Revenue now owns 41,714 shares of the real estate investment trust's stock valued at $1,580,000 after buying an additional 752 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on NSA shares. Wells Fargo & Company cut their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. 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. Robert W. Baird dropped their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Barclays dropped their price objective 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. Finally, Morgan Stanley lowered shares of 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 note on Tuesday. Three research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $39.75.

National Storage Affiliates Trust Stock Down 1.0%

NYSE NSA traded down $0.34 during trading on Wednesday, hitting $33.71. The stock had a trading volume of 195,641 shares, compared to its average volume of 682,705. The company has a market capitalization of $2.58 billion, a PE ratio of 19.74 and a beta of 1.20. The company's 50-day moving average price is $36.13 and its two-hundred day moving average price is $38.18. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 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 analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 6.76%. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

About National Storage Affiliates Trust

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.