Centaurus Financial Inc. Has $5.80 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Centaurus Financial Inc. cut its position in National Storage Affiliates Trust (NYSE:NSA) by 3.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 139,792 shares of the real estate investment trust’s stock after selling 4,970 shares during the quarter. Centaurus Financial Inc.’s holdings in National Storage Affiliates Trust were worth $5,797,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in National Storage Affiliates Trust by 8.2% in the fourth quarter. Wasatch Advisors LP now owns 5,455,292 shares of the real estate investment trust’s stock valued at $226,231,000 after buying an additional 412,094 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of National Storage Affiliates Trust by 69.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after purchasing an additional 950,171 shares in the last quarter. Jennison Associates LLC lifted its position in shares of National Storage Affiliates Trust by 3.1% during the fourth quarter. Jennison Associates LLC now owns 1,353,607 shares of the real estate investment trust’s stock worth $56,134,000 after purchasing an additional 41,193 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of National Storage Affiliates Trust by 0.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,266,956 shares of the real estate investment trust’s stock worth $52,541,000 after purchasing an additional 7,096 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in shares of National Storage Affiliates Trust by 6.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 1,020,629 shares of the real estate investment trust’s stock worth $42,325,000 after purchasing an additional 62,146 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Chad Leroy Meisinger bought 18,405 shares of the stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $37.74 per share, with a total value of $694,604.70. Following the completion of the purchase, the director now owns 114,155 shares of the company’s stock, valued at $4,308,209.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Trading Up 0.4 %

Shares of NSA traded up $0.18 on Friday, reaching $40.85. 650,678 shares of the company’s stock were exchanged, compared to its average volume of 767,831. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $3.06 billion, a P/E ratio of 21.39 and a beta of 0.91. The business has a 50 day moving average price of $36.96 and a two-hundred day moving average price of $37.53. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $42.54.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $196.15 million during the quarter, compared to the consensus estimate of $191.70 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. National Storage Affiliates Trust’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. Research analysts anticipate that National Storage Affiliates Trust will post 2.49 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Friday, June 14th. National Storage Affiliates Trust’s payout ratio is presently 117.28%.

Analysts Set New Price Targets

Separately, Barclays began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.44.

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.