Point72 Asset Management L.P. Invests $563,000 in National Storage Affiliates Trust (NYSE:NSA)

Point72 Asset Management L.P. bought a new stake in shares of 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 and Exchange Commission (SEC). The institutional investor bought 14,850 shares of the real estate investment trust's stock, valued at approximately $563,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NSA. Quarry LP raised its stake in National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 756 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 710 shares during the last quarter. KBC Group NV lifted its stake in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after buying an additional 1,869 shares in the last quarter. Sterling Capital Management LLC boosted its position in National Storage Affiliates Trust by 50.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 1,388 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in National Storage Affiliates Trust during the 4th quarter valued at about $210,000. Hedge funds and other institutional investors own 99.97% of the company's stock.

Insider Activity

In related news, Director Michael J. Schall purchased 4,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at $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 accessible through this hyperlink. Corporate insiders own 13.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NSA. Wells Fargo & Company decreased their target price on shares of 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. Robert W. Baird lowered their price objective on 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. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the stock a "hold" rating in a research note on Monday, May 19th. Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target on the stock. in a report on Tuesday. Finally, Barclays reduced 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 note on Wednesday, March 12th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and an average price target of $39.75.

National Storage Affiliates Trust Stock Performance

NYSE NSA traded down $0.19 during trading hours on Wednesday, hitting $33.86. The company had a trading volume of 157,684 shares, compared to its average volume of 682,503. The business has a 50 day moving average of $36.13 and a 200-day moving average of $38.18. The company has a market cap of $2.59 billion, a PE ratio of 19.82 and a beta of 1.20. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44. 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 results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $188.35 million for the quarter, compared to analysts' expectations of $184.65 million. During the same quarter in the prior year, the business earned $0.60 EPS. The company's quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.73%. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

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.