American Century Companies Inc. Grows Stock Position in National Storage Affiliates Trust (NYSE:NSA)

American Century Companies Inc. grew its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 742,959 shares of the real estate investment trust's stock after purchasing an additional 58,515 shares during the period. American Century Companies Inc. owned approximately 0.97% of National Storage Affiliates Trust worth $28,166,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NSA. Thrivent Financial for Lutherans increased its stake in National Storage Affiliates Trust by 0.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock valued at $96,600,000 after buying an additional 10,783 shares during the period. FMR LLC increased its stake in shares of National Storage Affiliates Trust by 27.5% during the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock worth $80,214,000 after acquiring an additional 358,449 shares during the period. Geode Capital Management LLC raised its holdings in National Storage Affiliates Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock worth $64,277,000 after purchasing an additional 4,897 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in National Storage Affiliates Trust by 39.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock worth $42,110,000 after purchasing an additional 315,474 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 23,366 shares during the period. Hedge funds and other institutional investors own 99.97% of the company's stock.

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National Storage Affiliates Trust Price Performance

NSA traded down $1.59 during midday trading on Thursday, reaching $37.45. 1,315,462 shares of the company's stock were exchanged, compared to its average volume of 648,802. The business's 50-day moving average price is $37.96 and its 200 day moving average price is $40.83. The stock has a market capitalization of $2.86 billion, a PE ratio of 21.90 and a beta of 1.07. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year 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 posted its earnings results 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. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.09%. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

Several equities analysts have issued reports on NSA shares. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Robert W. Baird cut their price objective on 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. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their target price for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays cut their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. 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, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus price target of $42.06.

Insiders Place Their Bets

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is owned by corporate insiders.

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.