Pinebridge Investments L.P. Cuts Position in National Storage Affiliates Trust (NYSE:NSA)

Pinebridge Investments L.P. reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,220 shares of the real estate investment trust's stock after selling 17,798 shares during the period. Pinebridge Investments L.P.'s holdings in National Storage Affiliates Trust were worth $1,184,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NSA. Fisher Asset Management LLC boosted its holdings in shares of National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock worth $384,000 after buying an additional 616 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in National Storage Affiliates Trust in the fourth quarter worth about $795,000. Charles Schwab Investment Management Inc. boosted its stake in National Storage Affiliates Trust by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after acquiring an additional 23,366 shares during the last quarter. Sei Investments Co. grew its position in shares of National Storage Affiliates Trust by 8.0% during the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after acquiring an additional 29,063 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of National Storage Affiliates Trust by 9.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after purchasing an additional 7,655 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.70% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Price Performance

NYSE NSA traded up $0.46 during trading hours on Friday, hitting $37.69. The company had a trading volume of 698,088 shares, compared to its average volume of 654,278. The firm has a 50 day simple moving average of $37.00 and a 200 day simple moving average of $39.01. 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 $2.88 billion, a price-to-earnings ratio of 22.04 and a beta of 1.04. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The company 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%. Equities research 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.05%. National Storage Affiliates Trust's payout ratio is currently 200.00%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NSA shares. Mizuho initiated 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 on the stock. Robert W. Baird dropped 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. Wells Fargo & Company decreased 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. Barclays lowered 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 research note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their target price for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently 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.