Axxcess Wealth Management LLC Sells 5,125 Shares of National Storage Affiliates Trust (NYSE:NSA)

Axxcess Wealth Management LLC reduced its position in National Storage Affiliates Trust (NYSE:NSA) by 9.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,547 shares of the real estate investment trust’s stock after selling 5,125 shares during the period. Axxcess Wealth Management LLC owned 0.07% of National Storage Affiliates Trust worth $1,954,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. SPC Financial Inc. boosted its holdings in shares of National Storage Affiliates Trust by 4.6% in the 4th quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 300 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in shares of National Storage Affiliates Trust by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after buying an additional 412 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of National Storage Affiliates Trust by 2.1% in the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 437 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of 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 valued at $28,000 after buying an additional 514 shares in the last quarter. Finally, Loomis Sayles & Co. L P bought a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NSA opened at $38.32 on Thursday. National Storage Affiliates Trust has a 12-month low of $34.59 and a 12-month high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $2.93 billion, a PE ratio of 22.41 and a beta of 1.07. The firm has a 50 day moving average of $37.52 and a two-hundred day moving average of $41.44.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 200.00%.

Analysts Set New Price Targets

NSA has been the topic of a number of recent analyst reports. 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 on the stock in a report on Thursday, March 13th. Wells Fargo & Company lowered their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Barclays lowered their target price 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 note on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.06.

Insider Activity

In other news, Director Michael J. Schall bought 4,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost 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. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.00% of the company’s stock.

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.