LPL Financial LLC Grows Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

LPL Financial LLC boosted its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 533,812 shares of the real estate investment trust's stock after acquiring an additional 19,693 shares during the period. LPL Financial LLC owned 0.70% of National Storage Affiliates Trust worth $20,237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC grew its stake in shares of 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 worth $80,214,000 after acquiring an additional 358,449 shares during the period. Raymond James Financial Inc. purchased a new stake in National Storage Affiliates Trust during the fourth quarter valued at about $13,354,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in National Storage Affiliates Trust by 385.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust's stock worth $20,300,000 after purchasing an additional 334,445 shares during the period. 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 worth $42,110,000 after purchasing an additional 315,474 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of National Storage Affiliates Trust by 1,354.0% in the fourth quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust's stock valued at $3,252,000 after purchasing an additional 79,884 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

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National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded down $2.33 on Friday, hitting $35.13. The company's stock had a trading volume of 1,258,608 shares, compared to its average volume of 651,388. National Storage Affiliates Trust has a 1 year low of $34.59 and a 1 year high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $2.68 billion, a PE ratio of 20.54 and a beta of 1.07. The company has a 50-day simple moving average of $37.93 and a 200 day simple moving average of $40.69.

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 company 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 forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. 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 6.49%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the firm'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 purchase, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 13.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NSA shares. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Robert W. Baird reduced their price target on 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. Barclays dropped 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 report on Wednesday, March 12th. Finally, Wells Fargo & Company reduced their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $42.06.

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.