UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 13,052 Shares of National Storage Affiliates Trust (NYSE:NSA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 434,213 shares of the real estate investment trust's stock after acquiring an additional 13,052 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.57% of National Storage Affiliates Trust worth $16,461,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quarry LP grew its position in shares of 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 period. Venturi Wealth Management LLC boosted its holdings 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $92,000. State of Wyoming bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $93,000. Finally, KBC Group NV raised its holdings in shares of National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after acquiring an additional 1,869 shares during the period. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

NSA stock traded up $0.20 during trading hours on Friday, reaching $34.42. The stock had a trading volume of 1,743,326 shares, compared to its average volume of 687,984. The stock has a 50-day simple moving average of $35.88 and a 200 day simple moving average of $38.00. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The stock has a market capitalization of $2.63 billion, a PE ratio of 20.13 and a beta of 1.20. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

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 earnings per share (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 analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Analysts predict 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's payout ratio is presently 386.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a research note on Tuesday, May 27th. Mizuho started coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the company a "hold" rating in a research report on Monday, May 19th. Robert W. Baird reduced their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Barclays decreased their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $39.75.

Insider Buying and Selling

In related news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction on 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 completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.70% of the stock is owned by insiders.

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.