APG Asset Management US Inc. Acquires 52,093 Shares of National Storage Affiliates Trust (NYSE:NSA)

APG Asset Management US Inc. grew its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 14.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 402,093 shares of the real estate investment trust's stock after buying an additional 52,093 shares during the quarter. APG Asset Management US Inc. owned 0.53% of National Storage Affiliates Trust worth $15,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in National Storage Affiliates Trust by 368.0% in the fourth quarter. Renaissance Technologies LLC now owns 144,600 shares of the real estate investment trust's stock valued at $5,482,000 after buying an additional 113,700 shares in the last quarter. Cerity Partners LLC lifted its holdings in National Storage Affiliates Trust by 14.1% in the fourth quarter. Cerity Partners LLC now owns 54,521 shares of the real estate investment trust's stock valued at $2,067,000 after buying an additional 6,737 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $444,000. Dynamic Technology Lab Private Ltd acquired a new stake in National Storage Affiliates Trust in the fourth quarter worth $368,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in National Storage Affiliates Trust in the 4th quarter valued at about $1,053,000. Institutional investors own 99.97% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on NSA. Robert W. Baird decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Mizuho initiated coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Wells Fargo & Company cut 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. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. 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 for the company in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price of $41.28.

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National Storage Affiliates Trust Price Performance

Shares of NSA traded up $0.31 during midday trading on Monday, hitting $34.84. 98,892 shares of the company traded hands, compared to its average volume of 656,000. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The firm has a market cap of $2.66 billion, a P/E ratio of 20.37 and a beta of 1.04. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a 50-day moving average of $37.42 and a 200-day moving average of $39.97.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. As a group, sell-side analysts predict 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 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. This represents a $2.28 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 200.00%.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now 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 filing with the SEC, which is available at this link. Company 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.