National Storage Affiliates Trust (NYSE:NSA) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 10.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 137,327 shares of the real estate investment trust's stock after buying an additional 12,590 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.18% of National Storage Affiliates Trust worth $5,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NSA. Farringdon Capital Ltd. bought a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $473,000. Marshall Wace LLP boosted its stake in shares of National Storage Affiliates Trust by 57.6% in the 4th quarter. Marshall Wace LLP now owns 527,355 shares of the real estate investment trust's stock worth $19,992,000 after buying an additional 192,765 shares during the last quarter. Wasatch Advisors LP increased its position in shares of National Storage Affiliates Trust by 8.2% during the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after purchasing an additional 506,398 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in National Storage Affiliates Trust by 26.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 105,182 shares of the real estate investment trust's stock worth $3,987,000 after acquiring an additional 21,851 shares during the period. Finally, Barclays PLC lifted its position in National Storage Affiliates Trust by 188.2% during the fourth quarter. Barclays PLC now owns 159,653 shares of the real estate investment trust's stock valued at $6,053,000 after purchasing an additional 104,264 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NSA shares. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Robert W. Baird reduced their target price 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. Barclays dropped 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 note on Wednesday, March 12th. 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 note on Friday, February 21st. Finally, Mizuho initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and an average price target of $41.28.

National Storage Affiliates Trust Trading Down 1.0 %

Shares of NYSE:NSA traded down $0.36 during mid-day trading on Friday, reaching $36.04. 391,558 shares of the company were exchanged, compared to its average volume of 656,943. 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 firm has a market cap of $2.76 billion, a price-to-earnings ratio of 21.08 and a beta of 1.04. The firm's 50-day simple moving average is $37.11 and its 200 day simple moving average is $39.32. 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 released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's payout ratio is currently 200.00%.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.70% 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.