National Storage Affiliates Trust (NYSE:NSA) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,708 shares of the real estate investment trust’s stock after selling 1,305 shares during the quarter. XTX Topco Ltd’s holdings in National Storage Affiliates Trust were worth $516,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Long Pond Capital LP bought a new position in shares of National Storage Affiliates Trust during the 2nd quarter valued at about $16,198,000. FMR LLC lifted its stake in National Storage Affiliates Trust by 27.5% during the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after purchasing an additional 358,449 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in National Storage Affiliates Trust by 385.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock worth $20,300,000 after buying an additional 334,445 shares in the last quarter. Victory Capital Management Inc. grew its position in National Storage Affiliates Trust by 1,581.9% in the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock worth $11,650,000 after buying an additional 227,334 shares during the last quarter. Finally, Hancock Whitney Corp increased its holdings in shares of National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock valued at $10,035,000 after buying an additional 197,003 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NSA shares. Truist Financial upped their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a report on Friday, August 16th. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Robert W. Baird lifted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Barclays upped their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group lifted their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $43.17.

National Storage Affiliates Trust Stock Down 2.0 %

National Storage Affiliates Trust stock opened at $41.46 on Friday. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. 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 firm has a market cap of $3.16 billion, a PE ratio of 24.25 and a beta of 1.01. The firm’s 50 day moving average price is $43.58 and its two-hundred day moving average price is $43.46.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same period last year, the company posted $0.67 earnings per share. The company’s revenue was down 20.2% compared to the same quarter last year. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, December 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.50%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 130.99%.

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.