Geode Capital Management LLC Buys 15,468 Shares of National Storage Affiliates Trust (NYSE:NSA)

Geode Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,348,728 shares of the real estate investment trust's stock after buying an additional 15,468 shares during the period. Geode Capital Management LLC owned 1.77% of National Storage Affiliates Trust worth $51,144,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in 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 worth $28,000 after buying an additional 514 shares during the last quarter. Venturi Wealth Management LLC increased its position 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 worth $82,000 after purchasing an additional 710 shares in the last quarter. KBC Group NV lifted its stake in shares of National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after purchasing an additional 1,869 shares during the period. Virtu Financial LLC purchased a new stake in National Storage Affiliates Trust in the fourth quarter valued at approximately $210,000. Finally, Johnson & White Wealth Management LLC acquired a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

Remove Ads

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 13.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on NSA. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Barclays reduced 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. Robert W. Baird decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Performance

NSA stock traded up $0.28 during trading hours on Tuesday, hitting $35.50. 600,760 shares of the stock were exchanged, compared to its average volume of 658,230. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The company has a 50-day simple moving average of $37.38 and a two-hundred day simple moving average of $39.89. The firm has a market capitalization of $2.71 billion, a P/E ratio of 20.76 and a beta of 1.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

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. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. On average, analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.42%. National Storage Affiliates Trust's dividend payout ratio is presently 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.