Fuller & Thaler Asset Management Inc. Buys 6,990 Shares of National Storage Affiliates Trust (NYSE:NSA)

Fuller & Thaler Asset Management Inc. increased its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,243 shares of the real estate investment trust's stock after buying an additional 6,990 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.08% of National Storage Affiliates Trust worth $2,360,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of 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 purchasing an additional 514 shares during the period. Venturi Wealth Management LLC increased its stake in National Storage Affiliates Trust by 48.9% during the 4th 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 in the last quarter. KBC Group NV raised its holdings in National Storage Affiliates Trust by 94.3% during 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 during the last quarter. Sterling Capital Management LLC increased its position in shares of National Storage Affiliates Trust by 50.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in National Storage Affiliates Trust during the 4th quarter worth approximately $210,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded up $0.14 during trading on Monday, hitting $36.17. The stock had a trading volume of 396,309 shares, compared to its average volume of 655,901. The stock's 50 day moving average is $37.08 and its two-hundred day moving average is $39.23. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 21.15 and a beta of 1.04. 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 (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.30%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 200.00%.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction on Thursday, March 6th. The shares were 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 of the company's stock, valued at $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Mizuho initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target for the company. Wells Fargo & Company dropped their price target 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays dropped 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 research report on Wednesday, March 12th. Finally, Robert W. Baird reduced their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price of $41.28.

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.