Mesirow Institutional Investment Management Inc. Acquires 40,922 Shares of National Storage Affiliates Trust (NYSE:NSA)

Mesirow Institutional Investment Management Inc. boosted its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 18.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,809 shares of the real estate investment trust's stock after purchasing an additional 40,922 shares during the quarter. Mesirow Institutional Investment Management Inc. owned approximately 0.35% of National Storage Affiliates Trust worth $10,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of National Storage Affiliates Trust in the fourth quarter worth $26,737,000. Wasatch Advisors LP increased its holdings in National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after acquiring an additional 506,398 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth $13,354,000. TimesSquare Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 315,474 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of National Storage Affiliates Trust by 57.6% during the fourth quarter. Marshall Wace LLP now owns 527,355 shares of the real estate investment trust's stock valued at $19,992,000 after purchasing an additional 192,765 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Down 0.6 %

Shares of NSA stock traded down $0.23 during trading hours on Wednesday, reaching $36.41. 655,712 shares of the stock were exchanged, compared to its average volume of 656,931. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 21.29 and a beta of 1.04. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The company's 50-day moving average price is $37.18 and its 200-day moving average price is $39.49. 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 announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird decreased their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Barclays lowered their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of 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. Finally, Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.28.

Insider Activity

In other news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 13.70% of the company's stock.

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.