National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 43.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,769 shares of the real estate investment trust's stock after purchasing an additional 11,405 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in National Storage Affiliates Trust were worth $1,432,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NSA. Victory Capital Management Inc. increased its stake in National Storage Affiliates Trust by 1,581.9% in the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust's stock valued at $11,650,000 after purchasing an additional 227,334 shares during the period. Metis Global Partners LLC increased its stake in National Storage Affiliates Trust by 30.0% in the third quarter. Metis Global Partners LLC now owns 7,195 shares of the real estate investment trust's stock valued at $347,000 after purchasing an additional 1,659 shares during the period. Empowered Funds LLC increased its stake in National Storage Affiliates Trust by 3.0% in the third quarter. Empowered Funds LLC now owns 55,016 shares of the real estate investment trust's stock valued at $2,652,000 after purchasing an additional 1,618 shares during the period. Natixis Advisors LLC increased its stake in National Storage Affiliates Trust by 5.1% in the third quarter. Natixis Advisors LLC now owns 75,724 shares of the real estate investment trust's stock valued at $3,650,000 after purchasing an additional 3,657 shares during the period. Finally, Quest Partners LLC increased its stake in National Storage Affiliates Trust by 91.2% in the third quarter. Quest Partners LLC now owns 32,971 shares of the real estate investment trust's stock valued at $1,589,000 after purchasing an additional 15,729 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust 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 completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Barclays lowered their target price on shares of 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. Two research 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $42.06.

National Storage Affiliates Trust Price Performance

NSA stock traded down $0.19 during trading on Friday, reaching $38.20. 1,361,166 shares of the company were exchanged, compared to its average volume of 626,032. The company has a market cap of $2.92 billion, a P/E ratio of 22.34 and a beta of 1.07. National Storage Affiliates Trust has a 52-week low of $34.59 and a 52-week high of $49.44. The stock's 50 day moving average price is $37.58 and its 200 day moving average price is $41.36. 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 released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for 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%. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

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.