Landscape Capital Management L.L.C. Purchases Shares of 24,181 National Storage Affiliates Trust (NYSE:NSA)

Landscape Capital Management L.L.C. bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,181 shares of the real estate investment trust's stock, valued at approximately $917,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new position in National Storage Affiliates Trust in the 3rd quarter valued at $1,367,000. Integrated Wealth Concepts LLC grew its holdings in shares of National Storage Affiliates Trust by 19.7% during the third quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust's stock worth $317,000 after buying an additional 1,082 shares in the last quarter. Geode Capital Management LLC raised its position in shares of National Storage Affiliates Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock valued at $64,277,000 after buying an additional 4,897 shares during the last quarter. Franklin Resources Inc. raised its position in shares of National Storage Affiliates Trust by 48.1% in the third quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock valued at $5,769,000 after buying an additional 42,241 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of National Storage Affiliates Trust by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock worth $15,389,000 after buying an additional 42,508 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Mizuho started coverage on shares of National Storage Affiliates Trust in a research note on Wednesday. They set a "neutral" rating and a $35.00 price objective for the company. Wells Fargo & Company dropped 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. Barclays reduced their price objective on 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Robert W. Baird reduced 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust currently has an average rating of "Hold" and an average target price 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 that occurred on Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, for a total transaction 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 purchase was disclosed in a filing with the SEC, which is available at the SEC website. 13.00% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Trading Up 2.5 %

Shares of NYSE NSA traded up $0.84 during mid-day trading on Friday, reaching $34.48. 1,116,822 shares of the company's stock were exchanged, compared to its average volume of 658,161. The company's 50-day moving average is $37.42 and its 200-day moving average is $40.02. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 20.16 and a beta of 1.04. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced 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 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%. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.61%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

National Storage Affiliates Trust Company 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.