New Age Alpha Advisors LLC Takes $1.45 Million Position in National Storage Affiliates Trust (NYSE:NSA)

New Age Alpha Advisors LLC purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,221 shares of the real estate investment trust's stock, valued at approximately $1,449,000. New Age Alpha Advisors LLC owned 0.05% of National Storage Affiliates Trust as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $26,737,000. WINTON GROUP Ltd purchased a new stake in National Storage Affiliates Trust in the fourth quarter worth $5,055,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of National Storage Affiliates Trust by 5.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 47,570 shares of the real estate investment trust's stock valued at $1,819,000 after buying an additional 2,541 shares during the period. Vanguard Group Inc. lifted its position in shares of National Storage Affiliates Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock valued at $369,979,000 after buying an additional 80,923 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of National Storage Affiliates Trust by 3.8% during the 4th quarter. LPL Financial LLC now owns 533,812 shares of the real estate investment trust's stock worth $20,237,000 after acquiring an additional 19,693 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

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Insider Transactions at National Storage Affiliates Trust

In related 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 purchase, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 13.00% of the stock is owned by insiders.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock traded down $2.33 during midday trading on Friday, reaching $35.13. 1,258,608 shares of the stock were exchanged, compared to its average volume of 651,110. 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 quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $2.68 billion, a PE ratio of 20.54 and a beta of 1.07. The company's fifty day moving average is $37.93 and its 200-day moving average is $40.74.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on NSA. Wells Fargo & Company dropped 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. 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 report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Robert W. Baird lowered their target price 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $42.06.

National Storage Affiliates Trust Company 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.