Marshall Wace LLP Has $19.99 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Marshall Wace LLP grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 57.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 527,355 shares of the real estate investment trust's stock after buying an additional 192,765 shares during the period. Marshall Wace LLP owned 0.69% of National Storage Affiliates Trust worth $19,992,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in National Storage Affiliates Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock valued at $369,979,000 after acquiring an additional 80,923 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of National Storage Affiliates Trust by 8.2% during the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after purchasing an additional 506,398 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in National Storage Affiliates Trust by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock worth $96,600,000 after purchasing an additional 10,783 shares during the period. Geode Capital Management LLC grew its position in National Storage Affiliates Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock valued at $51,144,000 after buying an additional 15,468 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in National Storage Affiliates Trust by 39.7% during the 4th 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 buying an additional 315,474 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Down 0.6 %

NYSE NSA traded down $0.23 on Wednesday, hitting $36.41. 655,712 shares of the company were exchanged, compared to its average volume of 656,412. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The firm has a market capitalization of $2.78 billion, a P/E ratio of 21.29 and a beta of 1.04. The company's 50 day moving average price is $37.18 and its 200-day moving average price is $39.49.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal 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 issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.26%. National Storage Affiliates Trust's dividend payout ratio is 200.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays lowered their price objective 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 note on Wednesday, March 12th. Mizuho assumed coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective on the stock. Wells Fargo & Company decreased their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, 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 research report on Thursday, March 13th. Two equities 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $41.28.

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 bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly 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 can be accessed through the SEC website. 13.70% of the stock is owned by insiders.

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.