Resona Asset Management Co. Ltd. Takes $1.05 Million Position in National Storage Affiliates Trust (NYSE:NSA)

Resona Asset Management Co. Ltd. acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,922 shares of the real estate investment trust's stock, valued at approximately $1,053,000.

Several other hedge funds also recently added to or reduced their stakes in the business. SPC Financial Inc. boosted its holdings in National Storage Affiliates Trust by 4.6% during the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock worth $258,000 after buying an additional 300 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of National Storage Affiliates Trust by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock worth $3,233,000 after acquiring an additional 412 shares in the last quarter. Arizona State Retirement System grew its position in shares of National Storage Affiliates Trust by 2.1% during the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock valued at $794,000 after acquiring an additional 437 shares during the period. 1620 Investment Advisors Inc. increased its stake in shares of National Storage Affiliates Trust by 3.5% in the 4th quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 475 shares in the last quarter. Finally, Xponance Inc. raised its holdings in National Storage Affiliates Trust by 6.3% in the 4th quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 475 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

NSA has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on 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. Robert W. Baird decreased their target price 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 decreased their price objective 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 initiated coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust Trading Up 1.2 %

Shares of NYSE NSA traded up $0.43 during trading on Tuesday, reaching $35.65. The stock had a trading volume of 337,736 shares, compared to its average volume of 657,235. The company has a market cap of $2.73 billion, a P/E ratio of 20.85 and a beta of 1.04. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week 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 business's 50-day moving average price is $37.38 and its 200-day moving average price is $39.89.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently announced 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 6.40%. National Storage Affiliates Trust's payout ratio is currently 200.00%.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.00% of the stock is currently owned by corporate insiders.

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.