First Trust Advisors LP Lowers Stock Position in National Storage Affiliates Trust (NYSE:NSA)

First Trust Advisors LP decreased its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 25.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,379 shares of the real estate investment trust's stock after selling 29,938 shares during the period. First Trust Advisors LP owned about 0.12% of National Storage Affiliates Trust worth $3,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSA. Versant Capital Management Inc raised its position in shares of National Storage Affiliates Trust by 233.6% during the 4th 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 boosted its stake in shares of National Storage Affiliates Trust by 48.9% in the fourth 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 last quarter. KBC Group NV increased its position in shares of 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 purchasing an additional 1,869 shares in the last quarter. Sterling Capital Management LLC raised its stake in National Storage Affiliates Trust by 50.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock valued at $156,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth $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 firm's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.70% of the company's stock.

Wall Street Analyst Weigh In

NSA has been the topic of several recent research reports. Barclays lowered their target price 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. Wells Fargo & Company lowered their price target on 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. Robert W. Baird reduced their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Mizuho initiated coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock traded up $0.18 during mid-day trading on Friday, hitting $36.52. The stock had a trading volume of 143,730 shares, compared to its average volume of 658,644. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company's 50-day simple moving average is $36.84 and its 200-day simple moving average is $38.88. The firm has a market cap of $2.79 billion, a PE ratio of 21.36 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same quarter last year, the business earned $0.60 EPS. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

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.