National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,006 shares of the real estate investment trust's stock after selling 76,575 shares during the quarter. Guggenheim Capital LLC owned about 0.06% of National Storage Affiliates Trust worth $1,820,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in National Storage Affiliates Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock valued at $64,277,000 after buying an additional 4,897 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of National Storage Affiliates Trust by 48.1% during the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock worth $5,769,000 after acquiring an additional 42,241 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of National Storage Affiliates Trust by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock valued at $15,389,000 after acquiring an additional 42,508 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in National Storage Affiliates Trust by 18.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock worth $2,080,000 after purchasing an additional 8,662 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on 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 owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 13.70% of the company's stock.

Wall Street Analyst Weigh In

NSA has been the subject of several analyst reports. Mizuho began coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Wells Fargo & Company dropped 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 note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Robert W. Baird dropped 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 note on Thursday, March 13th. Finally, Barclays reduced 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 report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $41.28.

National Storage Affiliates Trust Stock Down 0.7 %

Shares of NSA stock traded down $0.27 during mid-day trading on Friday, hitting $36.13. The stock had a trading volume of 62,653 shares, compared to its average volume of 654,465. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month 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 firm's 50-day moving average is $37.14 and its two-hundred day moving average is $39.42. The firm has a market capitalization of $2.76 billion, a P/E ratio of 21.13 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during 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%. On average, analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm 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 6.31%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is presently 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.