AlphaQuest LLC Buys 8,045 Shares of National Storage Affiliates Trust (NYSE:NSA)

AlphaQuest LLC raised its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,016 shares of the real estate investment trust's stock after purchasing an additional 8,045 shares during the period. AlphaQuest LLC owned approximately 0.05% of National Storage Affiliates Trust worth $1,555,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of National Storage Affiliates Trust by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust's stock worth $386,000 after buying an additional 257 shares in the last quarter. SPC Financial Inc. increased its holdings in shares of National Storage Affiliates Trust by 4.6% during the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock worth $258,000 after buying an additional 300 shares in the last quarter. US Bancorp DE increased its holdings in shares of National Storage Affiliates Trust by 13.3% during the third quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust's stock worth $148,000 after buying an additional 360 shares in the last quarter. Retirement Systems of Alabama grew its stake in shares of National Storage Affiliates Trust by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock worth $3,233,000 after purchasing an additional 412 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in shares of National Storage Affiliates Trust by 2.1% in the fourth quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock worth $794,000 after purchasing an additional 437 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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National Storage Affiliates Trust Trading Down 1.6 %

NSA traded down $0.59 during trading on Thursday, reaching $36.57. 821,076 shares of the stock traded hands, compared to its average volume of 629,696. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $2.79 billion, a PE ratio of 21.38 and a beta of 1.07. The stock's 50-day moving average is $37.53 and its 200 day moving average is $41.74. National Storage Affiliates Trust has a 12 month low of $34.59 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The company 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%. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.24%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company reduced 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 research note on Friday, February 21st. Robert W. Baird reduced their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, Barclays reduced their price objective 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of "Hold" and a consensus target price of $42.06.

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.