Capital World Investors Acquires 113,973 Shares of National Storage Affiliates Trust (NYSE:NSA)

Capital World Investors lifted its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,941,558 shares of the real estate investment trust's stock after buying an additional 113,973 shares during the quarter. Capital World Investors owned about 2.55% of National Storage Affiliates Trust worth $73,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in National Storage Affiliates Trust by 48.1% in the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust's stock worth $5,769,000 after acquiring an additional 42,241 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in National Storage Affiliates Trust by 15.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock worth $15,389,000 after acquiring an additional 42,508 shares in the last quarter. Versant Capital Management Inc increased its holdings in National Storage Affiliates Trust by 233.6% in the 4th 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 in the last quarter. Harbor Capital Advisors Inc. increased its holdings in National Storage Affiliates Trust by 18.8% in the 4th quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust's stock worth $2,080,000 after acquiring an additional 8,662 shares in the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth approximately $228,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NSA has been the subject of several analyst reports. Barclays reduced their target price 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. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Robert W. Baird reduced 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 report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.28.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought 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 directly owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 13.70% of the stock is currently owned by insiders.

National Storage Affiliates Trust Price Performance

Shares of NSA stock traded down $0.36 on Friday, reaching $36.04. The company's stock had a trading volume of 391,558 shares, compared to its average volume of 656,943. The stock's fifty day simple moving average is $37.11 and its 200-day simple moving average is $39.28. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 21.08 and a beta of 1.04.

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, beating 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 firm had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. 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 firm 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 6.33%. The ex-dividend date was Friday, March 14th. 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.