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

Tudor Investment Corp ET AL reduced its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 63.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,906 shares of the real estate investment trust's stock after selling 110,826 shares during the quarter. Tudor Investment Corp ET AL owned 0.08% of National Storage Affiliates Trust worth $2,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of National Storage Affiliates Trust by 48.1% in the third quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock valued at $5,769,000 after buying an additional 42,241 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of National Storage Affiliates Trust by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock worth $15,389,000 after acquiring an additional 42,508 shares during the last quarter. Versant Capital Management Inc raised its position in shares of National Storage Affiliates Trust by 233.6% during the fourth 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 period. Harbor Capital Advisors Inc. lifted its holdings in shares of National Storage Affiliates Trust by 18.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock valued at $2,080,000 after purchasing an additional 8,662 shares during the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at $228,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.70% of the stock is currently owned by corporate insiders.

National Storage Affiliates Trust Stock Up 0.2 %

Shares of NYSE NSA traded up $0.08 during trading hours on Wednesday, hitting $36.06. The stock had a trading volume of 900,778 shares, compared to its average volume of 659,625. The firm's 50-day moving average price is $36.94 and its two-hundred day moving average price is $38.94. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. The company has a market capitalization of $2.76 billion, a P/E ratio of 21.09 and a beta of 1.20. 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 posted its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (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 business had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same quarter last year, the firm earned $0.60 earnings per share. National Storage Affiliates Trust's revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on NSA shares. Wells Fargo & Company cut their price objective on 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. Robert W. Baird reduced 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 report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Mizuho initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Finally, Barclays reduced 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 research note on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.