California Public Employees Retirement System Sells 10,372 Shares of National Storage Affiliates Trust (NYSE:NSA)

California Public Employees Retirement System decreased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,185 shares of the real estate investment trust’s stock after selling 10,372 shares during the quarter. California Public Employees Retirement System’s holdings in National Storage Affiliates Trust were worth $5,049,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 710 shares during the period. KBC Group NV raised its stake in National Storage Affiliates Trust by 94.3% in the fourth 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. Virtu Financial LLC purchased a new stake in National Storage Affiliates Trust in the fourth quarter worth about $210,000. Finally, Johnson & White Wealth Management LLC bought a new stake in National Storage Affiliates Trust during the 4th quarter valued at approximately $228,000. Institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

NSA has been the subject of a number of research analyst reports. Barclays lowered 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 note on Wednesday, March 12th. Wells Fargo & Company reduced 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 report on Friday, February 21st. Robert W. Baird lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.06.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.00% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $32.42 on Wednesday. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 18.96 and a beta of 1.04. 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 has a one year low of $32.17 and a one year high of $49.44. The company’s 50-day moving average is $37.64 and its 200 day moving average is $40.36.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million during the quarter, compared to the consensus estimate 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 expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 7.03%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

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.