Envestnet Asset Management Inc. Decreases Stake in National Storage Affiliates Trust (NYSE:NSA)

Envestnet Asset Management Inc. cut its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,373 shares of the real estate investment trust's stock after selling 8,777 shares during the period. Envestnet Asset Management Inc. owned 0.21% of National Storage Affiliates Trust worth $6,080,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 514 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 boosted its holdings in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after acquiring an additional 1,869 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of National Storage Affiliates Trust during the fourth quarter worth about $210,000. Finally, Johnson & White Wealth Management LLC purchased a new position in National Storage Affiliates Trust during the fourth quarter worth about $228,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Down 1.0 %

Shares of NSA stock traded down $0.36 during mid-day trading on Friday, hitting $36.04. 391,558 shares of the company's stock were exchanged, compared to its average volume of 656,759. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The stock has a 50-day simple moving average of $37.11 and a two-hundred day simple moving average of $39.36. 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 stock has a market cap of $2.76 billion, a price-to-earnings ratio of 21.08 and a beta of 1.04.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Insiders Place Their Bets

In related news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NSA shares. Barclays cut their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Robert W. Baird dropped their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Mizuho started coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $41.28.

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.