Renaissance Technologies LLC Has $5.48 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Renaissance Technologies LLC boosted its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 368.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,600 shares of the real estate investment trust's stock after buying an additional 113,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.19% of National Storage Affiliates Trust worth $5,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 514 shares during the last quarter. Venturi Wealth Management LLC increased its position in National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV raised its stake in shares of National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after purchasing an additional 1,869 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth about $210,000. Finally, Johnson & White Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 13.70% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on NSA. Robert W. Baird cut 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 report on Thursday, March 13th. Barclays reduced 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 research note on Wednesday, March 12th. 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 research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Mizuho began coverage on National Storage Affiliates Trust in a report 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 given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.28.

National Storage Affiliates Trust Stock Performance

Shares of NSA traded down $0.23 during mid-day trading on Wednesday, hitting $36.41. The company's stock had a trading volume of 655,712 shares, compared to its average volume of 656,412. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The stock's 50-day moving average is $37.18 and its two-hundred day moving average is $39.49. The firm has a market capitalization of $2.78 billion, a PE ratio of 21.29 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 (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 (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 analyst estimates 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, 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 6.26%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 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.