Dark Forest Capital Management LP Takes $294,000 Position in National Storage Affiliates Trust (NYSE:NSA)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSA. Hsbc Holdings PLC increased its position in shares of National Storage Affiliates Trust by 13.1% in the 4th quarter. Hsbc Holdings PLC now owns 52,965 shares of the real estate investment trust's stock valued at $2,008,000 after acquiring an additional 6,142 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of National Storage Affiliates Trust by 334.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,509 shares of the real estate investment trust's stock worth $626,000 after purchasing an additional 12,709 shares during the period. MetLife Investment Management LLC boosted its position in National Storage Affiliates Trust by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 41,595 shares of the real estate investment trust's stock valued at $1,577,000 after buying an additional 3,384 shares during the last quarter. Mesirow Institutional Investment Management Inc. increased its holdings in National Storage Affiliates Trust by 18.0% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 268,809 shares of the real estate investment trust's stock worth $10,191,000 after buying an additional 40,922 shares during the period. Finally, Capital World Investors raised its position 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 during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

NSA stock traded up $0.46 during midday trading on Friday, reaching $37.69. The stock had a trading volume of 698,088 shares, compared to its average volume of 654,278. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week 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's fifty day simple moving average is $37.00 and its 200 day simple moving average is $39.01. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 22.04 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $185.37 million. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.05%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 200.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NSA shares. 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 report on Friday, January 10th. Robert W. Baird cut their price target 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. Wells Fargo & Company lowered their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Barclays reduced their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Finally, Mizuho began coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price of $41.28.

Insider Buying and Selling

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. 13.70% of the stock is currently owned by 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.