Tudor Investment Corp ET AL Has $2.39 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Tudor Investment Corp ET AL cut its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,906 shares of the real estate investment trust's stock after selling 110,826 shares during the period. Tudor Investment Corp ET AL owned approximately 0.08% of National Storage Affiliates Trust worth $2,385,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in shares of 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 period. Quarry LP increased its holdings in shares of National Storage Affiliates Trust by 444.7% in 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 raised its position in shares of National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares during the period. KBC Group NV increased its holdings 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 purchasing an additional 1,869 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of 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 period. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $0.17 during trading on Friday, reaching $36.51. 195,092 shares of the stock were exchanged, compared to its average volume of 658,821. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The stock has a 50-day moving average price of $36.84 and a 200-day moving average price of $38.88. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.79 billion, a PE ratio of 21.35 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business's quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

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

Insider Activity

In other 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 shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 13.70% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays decreased 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 report on Wednesday, March 12th. Wells Fargo & Company lowered their price objective 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 started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price for the company. Robert W. Baird lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. 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 company. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Hold" and an average target price of $41.28.

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.