Wasatch Advisors LP Grows Position in National Storage Affiliates Trust (NYSE:NSA)

Wasatch Advisors LP increased its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,679,180 shares of the real estate investment trust's stock after acquiring an additional 506,398 shares during the quarter. National Storage Affiliates Trust comprises approximately 1.3% of Wasatch Advisors LP's investment portfolio, making the stock its 23rd biggest holding. Wasatch Advisors LP owned about 8.76% of National Storage Affiliates Trust worth $253,208,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 514 shares during the period. Venturi Wealth Management LLC grew its stake in shares of National Storage Affiliates Trust by 48.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 710 shares in the last quarter. KBC Group NV raised its holdings in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 1,869 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in National Storage Affiliates Trust in the fourth quarter valued at $210,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

NSA stock traded up $1.20 during mid-day trading on Friday, hitting $36.74. 510,713 shares of the stock were exchanged, compared to its average volume of 655,579. 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 stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 21.48 and a beta of 1.04. The business has a fifty day moving average price of $37.25 and a 200 day moving average price of $39.68. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

NSA has been the subject of a number of recent research reports. Wells Fargo & Company reduced 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 note on Friday, February 21st. Robert W. Baird lowered their price target 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 cut their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised 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, Mizuho initiated coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, National Storage Affiliates Trust has an average rating of "Hold" and a consensus target price of $41.28.

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.