Blueshift Asset Management LLC Purchases New Shares in National Storage Affiliates Trust (NYSE:NSA)

Blueshift Asset Management LLC bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,145 shares of the real estate investment trust's stock, valued at approximately $309,000.

A number of other institutional investors have also added to or reduced their stakes in NSA. Natixis Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 5.1% during the third quarter. Natixis Advisors LLC now owns 75,724 shares of the real estate investment trust's stock valued at $3,650,000 after purchasing an additional 3,657 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in National Storage Affiliates Trust by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust's stock worth $47,672,000 after buying an additional 43,074 shares during the period. Raymond James Trust N.A. boosted its position in National Storage Affiliates Trust by 9.8% during the 3rd quarter. Raymond James Trust N.A. now owns 8,427 shares of the real estate investment trust's stock valued at $406,000 after acquiring an additional 751 shares in the last quarter. Citigroup Inc. increased its holdings in shares of National Storage Affiliates Trust by 238.9% in the 3rd quarter. Citigroup Inc. now owns 108,734 shares of the real estate investment trust's stock valued at $5,241,000 after acquiring an additional 76,652 shares during the period. Finally, Cerity Partners LLC raised its position in shares of National Storage Affiliates Trust by 35.7% in the 3rd quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust's stock worth $2,303,000 after acquiring an additional 12,583 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

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National Storage Affiliates Trust Stock Performance

NYSE NSA traded up $0.47 on Wednesday, reaching $38.11. 353,475 shares of the company's stock traded hands, compared to its average volume of 624,240. The stock has a 50 day moving average price of $37.67 and a 200-day moving average price of $41.17. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 22.29 and a beta of 1.07. 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 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 issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Equities research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

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 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 13.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird dropped their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays dropped their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company lowered 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. 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $42.06.

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.