KLP Kapitalforvaltning AS bought a new position in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,400 shares of the real estate investment trust's stock, valued at approximately $546,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in shares of National Storage Affiliates Trust by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock valued at $96,600,000 after acquiring an additional 10,783 shares during the period. FMR LLC boosted its stake in National Storage Affiliates Trust by 27.5% during the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock valued at $80,214,000 after purchasing an additional 358,449 shares during the period. Geode Capital Management LLC grew its position in National Storage Affiliates Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock worth $64,277,000 after purchasing an additional 4,897 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in shares of National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock valued at $42,110,000 after purchasing an additional 315,474 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after buying an additional 23,366 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.
National Storage Affiliates Trust Stock Down 3.4 %
Shares of NYSE NSA traded down $1.16 during mid-day trading on Tuesday, reaching $32.42. The company had a trading volume of 1,197,211 shares, compared to its average volume of 657,310. 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 twelve month low of $32.17 and a twelve month high of $49.44. The stock's 50 day moving average is $37.64 and its 200-day moving average is $40.36. The stock has a market capitalization of $2.48 billion, a PE ratio of 18.96 and a beta of 1.04.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.
National Storage Affiliates Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 7.03%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is 200.00%.
Insider Transactions at National Storage Affiliates Trust
In related news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction 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 completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.00% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on NSA. Barclays decreased their price objective on 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. Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Robert W. Baird reduced their price objective on shares of 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $42.06.
Check Out Our Latest Stock Analysis on NSA
About National Storage Affiliates Trust
(
Free Report)
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.
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