Cresset Asset Management LLC Sells 25,507 Shares of National Storage Affiliates Trust (NYSE:NSA)

Cresset Asset Management LLC decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 80.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,324 shares of the real estate investment trust’s stock after selling 25,507 shares during the period. Cresset Asset Management LLC’s holdings in National Storage Affiliates Trust were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC increased its stake in shares of National Storage Affiliates Trust by 11.3% in the fourth quarter. Wedge Capital Management L L P NC now owns 189,371 shares of the real estate investment trust’s stock worth $7,179,000 after purchasing an additional 19,229 shares in the last quarter. SG Americas Securities LLC boosted its holdings in National Storage Affiliates Trust by 1,354.0% in the 4th quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust’s stock worth $3,252,000 after buying an additional 79,884 shares during the period. KBC Group NV increased its stake in National Storage Affiliates Trust by 94.3% in the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,869 shares in the last quarter. abrdn plc raised its holdings in National Storage Affiliates Trust by 30.6% during the fourth quarter. abrdn plc now owns 17,831 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 4,180 shares during the period. Finally, Retirement Systems of Alabama lifted its position in shares of National Storage Affiliates Trust by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after acquiring an additional 412 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. This trade represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on NSA shares. Barclays cut their target price on 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. Mizuho initiated coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price target for the company. Wells Fargo & Company reduced 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, 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 report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.28.

National Storage Affiliates Trust Trading Up 3.6%

NSA stock opened at $36.71 on Friday. The firm has a fifty day moving average price of $36.49 and a 200 day moving average price of $38.56. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The firm has a market cap of $2.81 billion, a PE ratio of 21.47 and a beta of 1.20. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same quarter last year, the business earned $0.60 EPS. National Storage Affiliates Trust’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts anticipate 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, June 30th. Investors of record on Friday, June 13th will be given a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 6.21%. National Storage Affiliates Trust’s dividend payout ratio is currently 386.44%.

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.