UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 434,213 shares of the real estate investment trust's stock after purchasing an additional 13,052 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.57% of National Storage Affiliates Trust worth $16,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of National Storage Affiliates Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock valued at $369,979,000 after buying an additional 80,923 shares during the last quarter. Wasatch Advisors LP increased its holdings in National Storage Affiliates Trust by 8.2% in the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock worth $253,208,000 after acquiring an additional 506,398 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in National Storage Affiliates Trust by 0.4% in the 4th 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 acquiring an additional 10,783 shares during the period. Capital World Investors lifted its holdings in 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 lifted its holdings in National Storage Affiliates Trust by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock valued at $51,144,000 after purchasing an additional 15,468 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

NYSE:NSA traded up $0.18 during trading hours on Monday, hitting $34.58. The stock had a trading volume of 853,080 shares, compared to its average volume of 688,640. The company has a 50 day simple moving average of $35.81 and a two-hundred day simple moving average of $37.91. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 20.22 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 has a one year low of $30.88 and a one year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data 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). The business 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 company's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.59%. National Storage Affiliates Trust's payout ratio is currently 386.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NSA shares. Robert W. Baird reduced 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 research note on Thursday, March 13th. Barclays reduced their price objective 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. Truist Financial set a $37.00 target price on shares of National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley cut National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a research report on Tuesday, May 27th. Three equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $39.75.

Insider Activity

In related news, Director Michael J. Schall purchased 4,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.70% of the company's stock.

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.