National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC reduced its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 5.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,993 shares of the real estate investment trust’s stock after selling 890 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in National Storage Affiliates Trust were worth $644,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake 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 acquiring an additional 514 shares during the last quarter. Venturi Wealth Management LLC grew its position in National Storage Affiliates Trust by 48.9% during the 4th 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 last quarter. KBC Group NV increased its stake 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 valued at $146,000 after purchasing an additional 1,869 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter worth $210,000. Finally, Johnson & White Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $228,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NSA has been the topic of several research reports. Barclays cut their target price on 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Finally, 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $42.06.

National Storage Affiliates Trust Trading Down 6.2 %

Shares of NYSE:NSA opened at $35.13 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12-month low of $34.59 and a 12-month high of $49.44. The business has a 50 day moving average of $37.93 and a two-hundred day moving average of $40.63. The company has a market capitalization of $2.69 billion, a PE ratio of 20.54 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend yield of 6.49%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) 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.