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

Cresset Asset Management LLC lessened its holdings in National Storage Affiliates Trust (NYSE:NSA) by 80.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,324 shares of the real estate investment trust’s stock after selling 25,507 shares during the quarter. 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 have also made changes to their positions in NSA. Quarry LP boosted its position in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 756 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 710 shares in the last quarter. KBC Group NV grew its stake in shares of 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 acquiring an additional 1,869 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust’s stock worth $156,000 after acquiring an additional 1,388 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at $210,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 3.6%

Shares of National Storage Affiliates Trust stock opened at $36.71 on Friday. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company’s 50 day moving average is $36.49 and its 200 day moving average is $38.56. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 21.47 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The company had revenue of $188.35 million for the quarter, compared to analysts’ expectations of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. National Storage Affiliates Trust’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 386.44%.

Wall Street Analysts Forecast Growth

NSA has been the topic of a number of analyst reports. Mizuho began coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price target on the stock. Wells Fargo & Company cut their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Barclays reduced their price target on shares of 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. Finally, Robert W. Baird lowered their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average target price of $41.28.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now 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 document filed with the SEC, which is accessible through this hyperlink. 13.70% of the stock is currently owned by insiders.

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.