Vanguard Group Inc. Reduces Position in National Storage Affiliates Trust (NYSE:NSA)

Vanguard Group Inc. Reduces Stake in National Storage Affiliates Trust

In recent news, Vanguard Group Inc. has reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.0% in the 1st quarter. The institutional investor now owns 10,868,827 shares of the real estate investment trust’s stock after selling 217,292 shares. This move comes as other hedge funds have also made changes to their stakes in the company, with Wasatch Advisors LP raising its stake by 20.3% and Balyasny Asset Management L.P. increasing its holdings by 69.9%.

In addition to these changes, Director Chad Leroy Meisinger recently purchased 18,405 shares of National Storage Affiliates Trust stock, showing confidence in the company’s future. This insider purchase comes as the company’s stock performance remains strong, with a fifty-two week high of $46.84 and a market cap of $3.26 billion.

National Storage Affiliates Trust also recently announced a quarterly dividend, further showcasing its stability and commitment to shareholders. Analysts have weighed in on the stock, with a consensus rating of “Hold” and a target price of $37.44.

Overall, National Storage Affiliates Trust continues to show promise in the real estate investment trust sector, with a focus on self storage properties in top metropolitan areas throughout the United States. Investors and analysts alike are keeping a close eye on the company’s performance and future prospects.