Jane Street Group LLC Raises Position in National Storage Affiliates Trust (NYSE:NSA)

Jane Street Group LLC increased its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 139.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,838 shares of the real estate investment trust's stock after purchasing an additional 44,177 shares during the period. Jane Street Group LLC owned 0.10% of National Storage Affiliates Trust worth $2,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of NSA. 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. Venturi Wealth Management LLC lifted its stake in shares of 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 worth $82,000 after acquiring an additional 710 shares during the period. KBC Group NV grew its holdings in National Storage Affiliates Trust by 94.3% during the fourth 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. Sterling Capital Management LLC boosted its holdings in shares of National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after buying an additional 1,388 shares during the period. Finally, Virtu Financial LLC purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth about $210,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

Insider Buying and Selling

In other news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. The trade was a 200.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NSA shares. Robert W. Baird lowered their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays cut their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Finally, Truist Financial decreased their price target on shares of National Storage Affiliates Trust from $39.00 to $37.00 and set a "hold" rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $40.83.

National Storage Affiliates Trust Trading Down 0.4%

National Storage Affiliates Trust stock traded down $0.14 during mid-day trading on Tuesday, reaching $36.72. 41,262 shares of the company traded hands, compared to its average volume of 669,373. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 21.43 and a beta of 1.20. The firm's 50 day moving average price is $36.48 and its 200 day moving average price is $38.50.

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 the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $188.35 million during the quarter, compared to analysts' expectations of $184.65 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

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 issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is 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.