Fuller & Thaler Asset Management Inc. Has $2.36 Million Position in National Storage Affiliates Trust (NYSE:NSA)

Fuller & Thaler Asset Management Inc. boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,243 shares of the real estate investment trust's stock after purchasing an additional 6,990 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.08% of National Storage Affiliates Trust worth $2,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSA. Versant Capital Management Inc boosted its position in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 514 shares during the period. Venturi Wealth Management LLC boosted its position in National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares during the period. KBC Group NV boosted its position in 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 purchasing an additional 1,869 shares during the period. 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 purchasing an additional 1,388 shares during the period. Finally, Virtu Financial LLC bought a new position in National Storage Affiliates Trust during the fourth quarter worth $210,000. 99.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value 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 represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Price Performance

NYSE NSA traded up $0.13 during trading on Thursday, hitting $37.33. 180,035 shares of the company's stock were exchanged, compared to its average volume of 654,808. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $2.85 billion, a PE ratio of 21.84 and a beta of 1.04. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The stock's 50 day moving average price is $37.04 and its two-hundred day moving average price is $39.19.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 6.11%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's payout ratio is 200.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NSA shares. Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. 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 report on Thursday, March 13th. Barclays reduced their target price 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 report on Wednesday, March 12th. Mizuho started coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $41.28.

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.