Arrowstreet Capital Limited Partnership Sells 299,445 Shares of National Storage Affiliates Trust (NYSE:NSA)

Arrowstreet Capital Limited Partnership reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 95.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,894 shares of the real estate investment trust's stock after selling 299,445 shares during the period. Arrowstreet Capital Limited Partnership's holdings in National Storage Affiliates Trust were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NSA. Nomura Asset Management Co. Ltd. increased its position in shares of National Storage Affiliates Trust by 5.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 90,880 shares of the real estate investment trust's stock worth $3,445,000 after buying an additional 4,650 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $1,449,000. Norges Bank bought a new position in National Storage Affiliates Trust during the 4th quarter valued at $26,737,000. WINTON GROUP Ltd purchased a new position in National Storage Affiliates Trust during the 4th quarter worth $5,055,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of National Storage Affiliates Trust by 5.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 47,570 shares of the real estate investment trust's stock worth $1,819,000 after acquiring an additional 2,541 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $0.95 during midday trading on Thursday, reaching $36.49. 70,799 shares of the company traded hands, compared to its average volume of 655,331. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The firm's fifty day moving average price is $37.29 and its two-hundred day moving average price is $39.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.35 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. On average, equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.25%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. 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 target price for the company. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Robert W. Baird reduced their price target on shares of 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. Finally, Wells Fargo & Company dropped their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.28.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price 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 approximately $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 13.70% of the stock is owned by insiders.

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.