Blueshift Asset Management LLC Invests $309,000 in National Storage Affiliates Trust (NYSE:NSA)

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

A number of other large investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. boosted its stake in shares of National Storage Affiliates Trust by 4.6% during the 4th quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock worth $258,000 after buying an additional 300 shares during the last quarter. Retirement Systems of Alabama increased its position in shares of National Storage Affiliates Trust by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock worth $3,233,000 after purchasing an additional 412 shares during the last quarter. Arizona State Retirement System raised its stake in shares of National Storage Affiliates Trust by 2.1% during the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock worth $794,000 after purchasing an additional 437 shares in the last quarter. Xponance Inc. boosted its holdings in shares of National Storage Affiliates Trust by 6.3% in the 4th quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 475 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in National Storage Affiliates Trust by 233.6% during the fourth 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 during the last quarter. Institutional investors own 99.97% of the company's stock.

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Analyst Ratings Changes

NSA has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Barclays cut 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 report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Robert W. Baird decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.06.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded down $0.50 during midday trading on Tuesday, hitting $38.25. The company's stock had a trading volume of 148,920 shares, compared to its average volume of 625,330. The company has a 50-day moving average price of $37.63 and a two-hundred day moving average price of $41.23. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year high of $49.44. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 22.39 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The business 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%. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.00% of the stock is owned by company insiders.

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.