Amundi Purchases 28,451 Shares of National Storage Affiliates Trust (NYSE:NSA)

Amundi boosted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 76.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,569 shares of the real estate investment trust's stock after acquiring an additional 28,451 shares during the quarter. Amundi owned 0.09% of National Storage Affiliates Trust worth $2,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Loomis Sayles & Co. L P purchased a new stake in shares of National Storage Affiliates Trust in the third quarter worth approximately $25,000. Versant Capital Management Inc lifted its position in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after buying an additional 514 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of 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 valued at $82,000 after buying an additional 710 shares during the period. KBC Group NV grew its holdings in shares of 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 valued at $146,000 after acquiring an additional 1,869 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of National Storage Affiliates Trust in the third quarter worth $222,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NSA. Robert W. Baird reduced 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 National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays dropped their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Finally, Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Two research 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. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and an average target price of $42.06.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock traded up $0.02 on Thursday, reaching $38.37. The stock had a trading volume of 622,526 shares, compared to its average volume of 625,606. 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 business's 50-day moving average price is $37.52 and its two-hundred day moving average price is $41.44. The stock has a market cap of $2.93 billion, a P/E ratio of 22.44 and a beta of 1.07. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44.

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 (EPS) for the quarter, beating 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, 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.