Barclays PLC raised its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 188.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,653 shares of the real estate investment trust's stock after purchasing an additional 104,264 shares during the period. Barclays PLC owned 0.21% of National Storage Affiliates Trust worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. raised its stake in National Storage Affiliates Trust by 48.1% in the third quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock valued at $5,769,000 after buying an additional 42,241 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of National Storage Affiliates Trust by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock valued at $15,389,000 after acquiring an additional 42,508 shares during the last quarter. Versant Capital Management Inc raised its position in shares of 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 in the last quarter. Harbor Capital Advisors Inc. lifted its stake in National Storage Affiliates Trust by 18.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock worth $2,080,000 after purchasing an additional 8,662 shares during the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new position in National Storage Affiliates Trust in the fourth quarter valued at approximately $228,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
NSA has been the subject of several research analyst reports. Wells Fargo & Company lowered 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 report on Friday, February 21st. Robert W. Baird dropped their price target 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. Barclays reduced their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $41.28.
Check Out Our Latest Analysis on NSA
National Storage Affiliates Trust Stock Performance
Shares of NSA stock traded up $0.12 during trading hours on Tuesday, reaching $36.29. 589,381 shares of the company's stock were exchanged, compared to its average volume of 655,636. National Storage Affiliates Trust has a 1 year low of $30.88 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. The company's 50 day moving average is $37.08 and its two-hundred day moving average is $39.23. The company has a market cap of $2.77 billion, a P/E ratio of 21.22 and a beta of 1.04.
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. Equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.
National Storage Affiliates Trust Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. 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 6.28%. 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 National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.70% of the company's stock.
National Storage Affiliates Trust Profile
(
Free Report)
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.
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