Aster Capital Management DIFC Ltd Makes New $444,000 Investment in National Storage Affiliates Trust (NYSE:NSA)

Aster Capital Management DIFC Ltd acquired a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,724 shares of the real estate investment trust's stock, valued at approximately $444,000.

Other institutional investors have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after buying an additional 616 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at $795,000. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $38,381,000 after acquiring an additional 23,366 shares during the period. Sei Investments Co. increased its stake in shares of National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock worth $14,943,000 after acquiring an additional 29,063 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 9.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after purchasing an additional 7,655 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

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 stock was purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now 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 available through the SEC website. Company insiders own 13.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on NSA. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a report on Wednesday. They issued a "neutral" rating and a $35.00 price target on the stock. Robert W. Baird lowered their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company decreased their price target 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. Finally, Barclays cut their target price 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded up $0.84 during midday trading on Friday, reaching $34.48. 1,116,822 shares of the company's stock traded hands, compared to its average volume of 658,161. The company has a market cap of $2.64 billion, a P/E ratio of 20.16 and a beta of 1.04. The company has a fifty day simple moving average of $37.42 and a two-hundred day simple moving average of $40.02. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million for the quarter, compared to analyst estimates 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 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.61%. National Storage Affiliates Trust's payout ratio is currently 200.00%.

National Storage Affiliates Trust 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.