Dynamic Technology Lab Private Ltd Acquires New Stake in National Storage Affiliates Trust (NYSE:NSA)

Dynamic Technology Lab Private Ltd purchased a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,710 shares of the real estate investment trust's stock, valued at approximately $368,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NSA. Integrated Wealth Concepts LLC boosted its position in shares of National Storage Affiliates Trust by 19.7% during the third quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust's stock worth $317,000 after purchasing an additional 1,082 shares in the last quarter. Geode Capital Management LLC raised its stake in National Storage Affiliates Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust's stock worth $64,277,000 after buying an additional 4,897 shares during the period. Franklin Resources Inc. lifted its holdings in National Storage Affiliates Trust by 48.1% during the third 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. grew its stake in National Storage Affiliates Trust by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust's stock valued at $15,389,000 after acquiring an additional 42,508 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of National Storage Affiliates Trust by 233.6% in the fourth 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. Institutional investors and hedge funds own 99.97% of the company's stock.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.00% of the company's stock.

National Storage Affiliates Trust Trading Up 1.5 %

Shares of National Storage Affiliates Trust stock traded up $0.54 during trading on Tuesday, reaching $35.76. The company's stock had a trading volume of 124,052 shares, compared to its average volume of 656,338. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 20.84 and a beta of 1.04. The firm's 50-day moving average is $37.38 and its two-hundred day moving average is $39.89. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.38%. National Storage Affiliates Trust's payout ratio is 200.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NSA. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target for the company. Robert W. Baird lowered their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Wells Fargo & Company lowered their price target on shares of 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, Barclays decreased their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.28.

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.