Nomura Holdings Inc. Invests $353,000 in National Storage Affiliates Trust (NYSE:NSA)

Nomura Holdings Inc. purchased a new position in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,307 shares of the real estate investment trust's stock, valued at approximately $353,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NSA. Nuveen Asset Management LLC increased its stake in National Storage Affiliates Trust by 0.7% in the 4th quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust's stock worth $23,463,000 after acquiring an additional 4,363 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of National Storage Affiliates Trust by 64.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 46,638 shares of the real estate investment trust's stock worth $1,768,000 after purchasing an additional 18,277 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of National Storage Affiliates Trust by 21.4% during the fourth quarter. Janus Henderson Group PLC now owns 534,183 shares of the real estate investment trust's stock worth $20,252,000 after purchasing an additional 94,117 shares in the last quarter. Graham Capital Management L.P. raised its stake in National Storage Affiliates Trust by 54.6% in the fourth quarter. Graham Capital Management L.P. now owns 8,558 shares of the real estate investment trust's stock valued at $324,000 after purchasing an additional 3,021 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in National Storage Affiliates Trust by 2.2% in the fourth quarter. Cetera Investment Advisers now owns 73,758 shares of the real estate investment trust's stock valued at $2,796,000 after purchasing an additional 1,580 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Down 0.6%

Shares of 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 695,765. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock's 50 day moving average price is $36.13 and its 200 day moving average price is $38.18. The firm has a market cap of $2.59 billion, a P/E ratio of 19.82 and a beta of 1.20. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44.

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

National Storage Affiliates Trust Dividend Announcement

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

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall bought 4,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 13.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial set a $37.00 price target on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research note on Monday, May 19th. Mizuho assumed coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price on the stock. Robert W. Baird lowered 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. Barclays cut their price objective 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. Finally, Morgan Stanley cut 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 report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus price target of $39.75.

National Storage Affiliates Trust 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.