Atria Investments Inc Decreases Holdings in National Storage Affiliates Trust (NYSE:NSA)

Atria Investments Inc trimmed its holdings in National Storage Affiliates Trust (NYSE:NSA) by 15.1% in the fourth quarter, HoldingsChannel reports. The fund owned 5,713 shares of the real estate investment trust’s stock after selling 1,013 shares during the period. Atria Investments Inc’s holdings in National Storage Affiliates Trust were worth $217,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust during the third quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 514 shares during the period. Venturi Wealth Management LLC boosted its holdings 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 valued at $82,000 after acquiring an additional 710 shares during the period. KBC Group NV grew its position 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 worth $146,000 after acquiring an additional 1,869 shares during the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new position in National Storage Affiliates Trust in the 4th quarter worth approximately $228,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred 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 transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.00% of the stock is currently owned by company insiders.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $38.00 on Wednesday. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44. The stock’s 50 day simple moving average is $37.49 and its two-hundred day simple moving average is $41.46. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 22.22 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The company 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 expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.00%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of analyst reports. Robert W. Baird dropped their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note 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 target for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their price objective on shares of 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, 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 report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average target price of $42.06.

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.