Wealthfront Advisers LLC Invests $1.12 Million in National Storage Affiliates Trust (NYSE:NSA)

Wealthfront Advisers LLC acquired a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 29,502 shares of the real estate investment trust's stock, valued at approximately $1,118,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans grew its stake in shares of National Storage Affiliates Trust by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust's stock valued at $122,301,000 after acquiring an additional 22,454 shares in the last quarter. FMR LLC grew its stake in shares of National Storage Affiliates Trust by 27.5% in the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock valued at $80,214,000 after acquiring an additional 358,449 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of National Storage Affiliates Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock valued at $64,277,000 after acquiring an additional 4,897 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock valued at $42,110,000 after acquiring an additional 315,474 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of National Storage Affiliates Trust by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after acquiring an additional 23,366 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays decreased 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Finally, Robert W. Baird cut their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. 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. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus price target of $42.06.

National Storage Affiliates Trust Trading Up 0.8 %

NYSE NSA traded up $0.29 during trading hours on Wednesday, reaching $38.32. The company's stock had a trading volume of 790,693 shares, compared to its average volume of 626,825. The firm has a fifty day simple moving average of $37.49 and a 200-day simple moving average of $41.46. The stock has a market cap of $2.93 billion, a P/E ratio of 22.41 and a beta of 1.07. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Equities 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 will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 5.95%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall bought 4,000 shares of the firm'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 transaction, the director now owns 6,000 shares of the company's stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.00% of the company's stock.

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.