Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 10,805 Shares of National Storage Affiliates Trust (NYSE:NSA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 39.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,228 shares of the real estate investment trust's stock after acquiring an additional 10,805 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of National Storage Affiliates Trust worth $1,449,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in National Storage Affiliates Trust by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust's stock valued at $47,672,000 after buying an additional 43,074 shares in the last quarter. Raymond James Trust N.A. increased its holdings in shares of National Storage Affiliates Trust by 9.8% during the third quarter. Raymond James Trust N.A. now owns 8,427 shares of the real estate investment trust's stock valued at $406,000 after acquiring an additional 751 shares in the last quarter. Citigroup Inc. raised its position in shares of National Storage Affiliates Trust by 238.9% during the third quarter. Citigroup Inc. now owns 108,734 shares of the real estate investment trust's stock worth $5,241,000 after purchasing an additional 76,652 shares during the period. Cerity Partners LLC lifted its holdings in shares of National Storage Affiliates Trust by 35.7% in the 3rd quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust's stock worth $2,303,000 after purchasing an additional 12,583 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 22.9% in the 3rd quarter. Penserra Capital Management LLC now owns 34,063 shares of the real estate investment trust's stock worth $1,641,000 after purchasing an additional 6,355 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

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Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.00% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock traded up $0.44 during mid-day trading on Friday, hitting $38.73. 606,663 shares of the stock were exchanged, compared to its average volume of 645,274. National Storage Affiliates Trust has a 12 month low of $34.59 and a 12 month high of $49.44. The company has a 50-day simple moving average of $37.78 and a 200 day simple moving average of $41.03. The company has a market capitalization of $2.96 billion, a P/E ratio of 22.65 and a beta of 1.07. 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 (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.89%. National Storage Affiliates Trust's dividend payout ratio is presently 200.00%.

Analyst Ratings Changes

Several research analysts have weighed in on NSA shares. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company lowered their target price on shares of 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. Barclays cut their price target on 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. Finally, Robert W. Baird lowered their price objective on 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust has an average rating of "Hold" and a consensus target price of $42.06.

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.