Norges Bank Takes Position in National Storage Affiliates Trust (NYSE:NSA)

Norges Bank purchased a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 705,263 shares of the real estate investment trust's stock, valued at approximately $26,737,000. Norges Bank owned approximately 0.93% of National Storage Affiliates Trust at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NSA. Fisher Asset Management LLC boosted its stake in shares of National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 616 shares in the last quarter. Proficio Capital Partners LLC bought a new position in National Storage Affiliates Trust during the 4th quarter valued at about $795,000. Charles Schwab Investment Management Inc. lifted its holdings in National Storage Affiliates Trust by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after purchasing an additional 23,366 shares during the last quarter. Sei Investments Co. boosted its position in National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after buying an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in National Storage Affiliates Trust by 9.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after buying an additional 7,655 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NSA shares. Robert W. Baird cut their target price on shares of 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. Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Barclays decreased their target price 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. Mizuho began coverage on National Storage Affiliates Trust in a report on Wednesday. They issued a "neutral" rating and a $35.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price objective for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust Trading Up 2.5 %

NYSE:NSA traded up $0.84 on Friday, hitting $34.48. 1,116,822 shares of the stock were exchanged, compared to its average volume of 658,161. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 20.16 and a beta of 1.04. 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 has a 52 week low of $30.88 and a 52 week high of $49.44. The company's 50-day moving average price is $37.42 and its 200 day moving average price is $40.02.

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

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.61%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 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.