Capital World Investors Increases Stake in National Storage Affiliates Trust (NYSE:NSA)

Capital World Investors increased its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,941,558 shares of the real estate investment trust's stock after acquiring an additional 113,973 shares during the period. Capital World Investors owned about 2.55% of National Storage Affiliates Trust worth $73,604,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc grew 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 valued at $28,000 after acquiring an additional 514 shares during the period. Venturi Wealth Management LLC grew its holdings in National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 710 shares during the period. KBC Group NV increased its position in National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after buying an additional 1,869 shares in the last quarter. Sterling Capital Management LLC increased its position in National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after buying an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $210,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NSA. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Barclays dropped 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. Finally, Robert W. Baird decreased their price target on 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 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 stock. According to MarketBeat.com, National Storage Affiliates Trust presently has an average rating of "Hold" and a consensus price target of $41.28.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 6,000 shares of the company's stock, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock traded up $0.03 during midday trading on Thursday, reaching $36.41. 573,153 shares of the stock traded hands, compared to its average volume of 656,810. The stock has a market cap of $2.78 billion, a P/E ratio of 21.29 and a beta of 1.04. The stock's fifty day moving average is $37.16 and its 200-day moving average is $39.47. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44.

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 for the quarter, beating analysts' consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million during 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%. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.26%. National Storage Affiliates Trust's payout ratio is currently 200.00%.

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.