Amundi Has $2.42 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Amundi lifted its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 76.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 65,569 shares of the real estate investment trust's stock after purchasing an additional 28,451 shares during the quarter. Amundi owned about 0.09% of National Storage Affiliates Trust worth $2,422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust during the third quarter worth about $25,000. Versant Capital Management Inc boosted its position in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 514 shares during the last quarter. Venturi Wealth Management LLC boosted its position in National Storage Affiliates Trust by 48.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 710 shares during the last quarter. KBC Group NV boosted its position in National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after acquiring an additional 1,869 shares during the last quarter. Finally, Versor Investments LP acquired a new position in National Storage Affiliates Trust during the third quarter worth $222,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages recently commented on NSA. Robert W. Baird reduced their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday. 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 stock from $40.00 to $38.00 in a research note on Friday, January 10th. Barclays lowered their price target on 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. Finally, Wells Fargo & Company cut their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of "Hold" and a consensus price target of $42.06.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.00% of the company's stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded up $0.57 during mid-day trading on Monday, hitting $37.25. 854,354 shares of the company's stock traded hands, compared to its average volume of 626,385. The firm has a 50 day simple moving average of $37.48 and a two-hundred day simple moving average of $41.58. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 21.78 and a beta of 1.07. 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, topping analysts' consensus estimates of $0.19 by $0.41. The company had revenue of $190.12 million during 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, research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

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.