Vanguard Group Inc. Trims Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Vanguard Group Inc. decreased its position in National Storage Affiliates Trust (NYSE:NSA) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,086,119 shares of the real estate investment trust’s stock after selling 507,780 shares during the period. Vanguard Group Inc. owned approximately 0.14% of National Storage Affiliates Trust worth $459,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSA. HighTower Advisors LLC purchased a new position in National Storage Affiliates Trust in the 3rd quarter worth $512,000. PNC Financial Services Group Inc. raised its stake in National Storage Affiliates Trust by 39.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock worth $192,000 after acquiring an additional 1,709 shares during the last quarter. Envestnet Asset Management Inc. grew its position in National Storage Affiliates Trust by 51.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 163,861 shares of the real estate investment trust’s stock worth $5,201,000 after purchasing an additional 55,738 shares during the period. Invesco Ltd. grew its position in National Storage Affiliates Trust by 11.1% during the 3rd quarter. Invesco Ltd. now owns 545,989 shares of the real estate investment trust’s stock worth $17,330,000 after purchasing an additional 54,431 shares during the period. Finally, LPL Financial LLC grew its position in National Storage Affiliates Trust by 2.2% during the 3rd quarter. LPL Financial LLC now owns 489,436 shares of the real estate investment trust’s stock worth $15,535,000 after purchasing an additional 10,693 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $40.92 on Thursday. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $42.95. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $3.07 billion, a PE ratio of 21.42 and a beta of 0.91. The stock’s 50-day moving average price is $37.67 and its 200-day moving average price is $37.90.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $196.15 million for the quarter, compared to analyst estimates of $191.70 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. National Storage Affiliates Trust’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. As a group, equities analysts expect that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

Insider Activity at National Storage Affiliates Trust

In related news, Director Chad Leroy Meisinger purchased 18,405 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average cost of $37.74 per share, with a total value of $694,604.70. Following the purchase, the director now owns 114,155 shares of the company’s stock, valued at approximately $4,308,209.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Barclays initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.44.

National Storage Affiliates Trust Company 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.