Sei Investments Co. Buys 29,063 Shares of National Storage Affiliates Trust (NYSE:NSA)

Sei Investments Co. grew its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 394,158 shares of the real estate investment trust's stock after acquiring an additional 29,063 shares during the quarter. Sei Investments Co. owned 0.52% of National Storage Affiliates Trust worth $14,943,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth about $25,000. Versant Capital Management Inc increased its stake in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after buying an additional 710 shares during the last quarter. KBC Group NV lifted its stake 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 worth $146,000 after buying an additional 1,869 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $210,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

NSA has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of 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 upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. 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 report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their price objective 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 assigned a buy rating to the company's stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and a consensus price target of $42.06.

Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 13.00% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA traded up $0.13 during midday trading on Wednesday, hitting $39.13. 1,602,402 shares of the company's stock traded hands, compared to its average volume of 647,410. The firm has a fifty day moving average of $37.94 and a 200 day moving average of $40.86. 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 quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.88 and a beta of 1.07.

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 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is presently 200.00%.

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.