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

Massachusetts Financial Services Co. MA trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.5% in the fourth quarter, Holdings Channel.com reports. 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’s holdings in National Storage Affiliates Trust were worth $41,395,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NSA. Norges Bank acquired a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $26,737,000. Raymond James Financial Inc. acquired a new position in National Storage Affiliates Trust in the 4th quarter worth $13,354,000. TimesSquare Capital Management LLC increased its holdings in National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after purchasing an additional 315,474 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of National Storage Affiliates Trust by 140.6% in the 4th quarter. Franklin Resources Inc. now owns 312,929 shares of the real estate investment trust’s stock valued at $11,863,000 after purchasing an additional 182,878 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $5,055,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $35.13 on Friday. 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 company’s fifty day simple moving average is $37.93 and its 200 day simple moving average is $40.69. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year high of $49.44. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 20.54 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last released 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 net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. On average, research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.49%. National Storage Affiliates Trust’s payout ratio is 200.00%.

Wall Street Analyst Weigh In

NSA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company lowered 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 report on Friday, February 21st. Robert W. Baird reduced their target price 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. Finally, Barclays lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.06.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired 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 of the company’s stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 13.00% of the stock is currently owned by corporate 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.