National Storage Affiliates Trust (NYSE:NSA) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 2.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 312,983 shares of the real estate investment trust’s stock after selling 6,294 shares during the period. JPMorgan Chase & Co.’s holdings in National Storage Affiliates Trust were worth $11,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV grew its stake in shares of 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 buying an additional 1,869 shares during the period. Virtu Financial LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth $210,000. Finally, Johnson & White Wealth Management LLC purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter worth $228,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.00% of the company’s stock.

Analysts Set New Price Targets

NSA has been the subject of a number of research reports. Mizuho assumed coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price target for the company. Barclays dropped their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. 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 on the stock 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 dropped their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.28.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $34.48 on Monday. The firm has a 50-day moving average of $37.42 and a two-hundred day moving average of $39.97. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $2.64 billion, a P/E ratio of 20.16 and a beta of 1.04. 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) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. On average, research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share 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. 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 6.61%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s payout ratio is currently 200.00%.

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.