Schonfeld Strategic Advisors LLC Purchases 191,536 Shares of National Storage Affiliates Trust (NYSE:NSA)

Schonfeld Strategic Advisors LLC boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 404.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,845 shares of the real estate investment trust's stock after purchasing an additional 191,536 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.31% of National Storage Affiliates Trust worth $9,055,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc grew its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 514 shares during the last quarter. Quarry LP raised its stake in National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 756 shares in the last quarter. Venturi Wealth Management LLC boosted its position in 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 valued at $82,000 after buying an additional 710 shares in the last quarter. KBC Group NV grew its position in National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after acquiring an additional 1,869 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in National Storage Affiliates Trust by 50.8% during the 4th quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 1,388 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on NSA shares. Deutsche Bank Aktiengesellschaft upgraded 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 report on Friday, January 10th. 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 report on Friday, February 21st. Mizuho initiated coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Robert W. Baird cut their target price 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. Finally, Barclays lowered their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust Stock Performance

NSA stock traded down $1.70 during midday trading on Tuesday, hitting $36.08. The company's stock had a trading volume of 414,424 shares, compared to its average volume of 654,577. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 21.14 and a beta of 1.20. 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's 50-day moving average price is $36.99 and its 200 day moving average price is $38.96. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's payout ratio is currently 200.00%.

Insiders Place Their Bets

In related news, Director Michael J. Schall purchased 4,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.70% of the company's stock.

About National Storage Affiliates Trust

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.