National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 9.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 51,547 shares of the real estate investment trust’s stock after selling 5,125 shares during the quarter. Axxcess Wealth Management LLC’s holdings in National Storage Affiliates Trust were worth $1,954,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its stake in National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock valued at $384,000 after acquiring an additional 616 shares during the period. Proficio Capital Partners LLC acquired a new stake in National Storage Affiliates Trust in the 4th quarter valued at $795,000. Oppenheimer Asset Management Inc. grew its stake in National Storage Affiliates Trust by 9.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock valued at $3,406,000 after acquiring an additional 7,655 shares during the period. Charles Schwab Investment Management Inc. grew its stake in National Storage Affiliates Trust by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock valued at $38,381,000 after acquiring an additional 23,366 shares during the period. Finally, Hancock Whitney Corp boosted its stake in National Storage Affiliates Trust by 1,760.2% during the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock worth $10,035,000 after purchasing an additional 197,003 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 0.8 %

Shares of NSA opened at $38.32 on Thursday. 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 firm has a 50-day moving average price of $37.52 and a 200 day moving average price of $41.44. The firm has a market capitalization of $2.93 billion, a P/E ratio of 22.41 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Robert W. Baird lowered their target price 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. Wells Fargo & Company lowered their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Barclays lowered their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus price target of $42.06.

Insiders Place Their Bets

In related news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.00% of the stock is currently owned by insiders.

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.