Charles Schwab Investment Management Inc. Has $38.38 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Charles Schwab Investment Management Inc. lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,012,411 shares of the real estate investment trust's stock after buying an additional 23,366 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.33% of National Storage Affiliates Trust worth $38,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its position in National Storage Affiliates Trust by 13.3% during the third quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust's stock worth $148,000 after acquiring an additional 360 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in 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. Versant Capital Management Inc boosted its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 514 shares during the period. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust in the 3rd quarter valued at $25,000. Finally, Fisher Asset Management LLC increased its position in National Storage Affiliates Trust by 6.5% during the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock worth $384,000 after buying an additional 616 shares during the period. Institutional investors own 99.97% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on NSA shares. Robert W. Baird decreased their price target on shares of 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 lowered their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and a consensus price target of $42.06.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock traded up $0.34 during trading on Wednesday, reaching $38.37. 432,610 shares of the company's stock were exchanged, compared to its average volume of 569,240. The firm's 50-day moving average price is $37.49 and its 200 day moving average price is $41.46. The company has a market cap of $2.93 billion, a P/E ratio of 22.42 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 1-year low of $34.58 and a 1-year 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 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to analysts' expectations 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, research analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.94%. National Storage Affiliates Trust's payout ratio is presently 200.00%.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.00% 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.