BNP Paribas Financial Markets Purchases 12,455 Shares of National Storage Affiliates Trust (NYSE:NSA)

BNP Paribas Financial Markets boosted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 145.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,015 shares of the real estate investment trust's stock after purchasing an additional 12,455 shares during the quarter. BNP Paribas Financial Markets' holdings in National Storage Affiliates Trust were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NSA. Vanguard Group Inc. increased its stake in shares of National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock worth $369,979,000 after acquiring an additional 80,923 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of National Storage Affiliates Trust by 8.2% during 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 purchasing an additional 506,398 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of 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 lifted its holdings in shares of National Storage Affiliates Trust by 6.2% during the fourth quarter. Capital World Investors now owns 1,941,558 shares of the real estate investment trust's stock valued at $73,604,000 after purchasing an additional 113,973 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 1.2% in the 4th 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. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA traded up $0.09 during midday trading on Tuesday, hitting $34.24. 1,761,349 shares of the stock traded hands, compared to its average volume of 684,520. The firm has a market capitalization of $2.62 billion, a P/E ratio of 20.02 and a beta of 1.20. National Storage Affiliates Trust has a one year low of $30.88 and a one 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. The firm has a 50-day moving average of $36.13 and a two-hundred day moving average of $38.18.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The firm had revenue of $188.35 million for the quarter, compared to analysts' expectations of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's payout ratio is 386.44%.

Insider Buying and Selling

In related news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. This trade represents a 200.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 13.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.