Massachusetts Financial Services Co. MA Sells 114,017 Shares of National Storage Affiliates Trust (NYSE:NSA)

Massachusetts Financial Services Co. MA lowered its holdings in National Storage Affiliates Trust (NYSE:NSA) by 9.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,091,927 shares of the real estate investment trust’s stock after selling 114,017 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.43% of National Storage Affiliates Trust worth $41,395,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NSA. Geode Capital Management LLC grew its stake in shares of National Storage Affiliates Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust’s stock valued at $51,144,000 after purchasing an additional 15,468 shares during the period. Franklin Resources Inc. grew its position in National Storage Affiliates Trust by 140.6% in the fourth quarter. Franklin Resources Inc. now owns 312,929 shares of the real estate investment trust’s stock valued at $11,863,000 after acquiring an additional 182,878 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in National Storage Affiliates Trust by 5.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 90,880 shares of the real estate investment trust’s stock worth $3,445,000 after acquiring an additional 4,650 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at $1,449,000. Finally, Norges Bank acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at $26,737,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available at this link. Corporate insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Stock Down 6.2 %

NYSE NSA opened at $35.13 on Friday. 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 52 week low of $34.59 and a 52 week high of $49.44. The stock has a market capitalization of $2.69 billion, a P/E ratio of 20.54 and a beta of 1.04. The stock has a fifty day moving average of $37.93 and a 200-day moving average of $40.69.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend was 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 several analyst reports. Robert W. Baird cut 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 report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company dropped their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Finally, Barclays cut their price objective 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.06.

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.