Dark Forest Capital Management LP Purchases New Holdings in National Storage Affiliates Trust (NYSE:NSA)

Dark Forest Capital Management LP bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,758 shares of the real estate investment trust's stock, valued at approximately $294,000.

Several other large investors have also recently made changes to their positions in NSA. Vanguard Group Inc. boosted its position in National Storage Affiliates Trust by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock valued at $369,979,000 after buying an additional 80,923 shares during the last quarter. Wasatch Advisors LP increased its position in shares of National Storage Affiliates Trust by 8.2% in the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after buying an additional 506,398 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in National Storage Affiliates Trust by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock valued at $96,600,000 after purchasing an additional 10,783 shares in the last quarter. Capital World Investors increased its stake in National Storage Affiliates Trust by 6.2% during the 4th quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust's stock worth $73,604,000 after buying an additional 113,973 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of National Storage Affiliates Trust by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock worth $51,144,000 after purchasing an additional 15,468 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA traded up $0.03 during trading hours on Thursday, hitting $37.23. 674,459 shares of the company's stock traded hands, compared to its average volume of 655,890. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. The company's fifty day simple moving average is $37.04 and its two-hundred day simple moving average is $39.19. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 21.77 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 released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. 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 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 $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.12%. National Storage Affiliates Trust's payout ratio is 200.00%.

Analyst Upgrades and Downgrades

NSA has been the subject of several analyst reports. Barclays dropped their target price on 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 began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. 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 for the company in a research note on Thursday, March 13th. Wells Fargo & Company decreased 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. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.28.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.70% of the stock is currently owned by corporate insiders.

National Storage Affiliates Trust Company 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.