WINTON GROUP Ltd Takes Position in National Storage Affiliates Trust (NYSE:NSA)

WINTON GROUP Ltd purchased a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 133,346 shares of the real estate investment trust's stock, valued at approximately $5,055,000. WINTON GROUP Ltd owned about 0.17% of National Storage Affiliates Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its holdings in National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after acquiring an additional 616 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of National Storage Affiliates Trust in the 4th quarter worth approximately $795,000. Charles Schwab Investment Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 2.4% in 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. Oppenheimer Asset Management Inc. increased its position in shares of 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 period. Finally, Amundi raised its stake in National Storage Affiliates Trust by 76.7% during the fourth quarter. Amundi now owns 65,569 shares of the real estate investment trust's stock worth $2,422,000 after buying an additional 28,451 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on NSA. Robert W. Baird cut 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. Barclays cut 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 research report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company cut their price target 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of "Hold" and a consensus target price of $42.06.

National Storage Affiliates Trust Stock Up 1.6 %

NSA stock traded up $0.63 during midday trading on Monday, reaching $39.34. 170,540 shares of the company's stock traded hands, compared to its average volume of 583,409. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm's fifty day moving average price is $37.78 and its 200-day moving average price is $40.99. National Storage Affiliates Trust has a 52 week low of $34.58 and a 52 week high of $49.44. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 23.00 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted 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. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 5.80%. National Storage Affiliates Trust's payout ratio is 200.00%.

Insider Buying and Selling

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.