National Storage Affiliates Trust (NYSE:NSA) Holdings Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,759,416 shares of the real estate investment trust's stock after acquiring an additional 80,923 shares during the quarter. Vanguard Group Inc. owned about 12.80% of National Storage Affiliates Trust worth $369,979,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC lifted its position in 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 during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $795,000. Charles Schwab Investment Management Inc. boosted its position in shares of National Storage Affiliates Trust by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock worth $38,381,000 after buying an additional 23,366 shares during the period. Sei Investments Co. grew its holdings in National Storage Affiliates Trust by 8.0% in the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock worth $14,943,000 after buying an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in National Storage Affiliates Trust by 9.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock valued at $3,406,000 after acquiring an additional 7,655 shares during the period. Institutional investors own 99.97% of the company's stock.

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Insider Transactions at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 13.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NSA shares. Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. 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 report on Wednesday, March 12th. 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 research note on Friday, January 10th. Finally, Robert W. Baird dropped their price target 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $42.06.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded down $1.63 during trading hours on Monday, hitting $33.53. 1,579,468 shares of the company's stock traded hands, compared to its average volume of 655,086. The company's fifty day simple moving average is $37.84 and its two-hundred day simple moving average is $40.53. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 19.61 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 $32.50 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its 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. The firm 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%. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's payout ratio is 200.00%.

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.